FAMU Division of Audit Holds HBCU Fraud, Danger, and Controls Digital Townhall
By Andrew Skerritt
The Florida A&M College Division of Audit hosts a digital townhall 4 p.m. Thursday to focus on the necessity for larger controls and elevated vigilance to stop fraud and mitigate dangers at Traditionally Black Faculties and Universities (HBCUs).
The “HBCU Fraud, Danger, and Controls” Digital City Corridor will characteristic FAMU President Larry Robinson and audit officers from FAMU, Texas Southern College, North Carolina A&T State College, Jackson State College, and Howard College. The occasion comes as HBCUs have acquired extra nationwide consideration in addition to federal and company funding within the wake of the variety and fairness debate and the pandemic.
“The Division of Audit right here at FAMU, and at these of our sister HBCUs, play an vital position in supporting college, employees and administration of their duties for preventing fraud, enhancing our threat consciousness and enhancing our controls,” Robinson mentioned. “Collectively, these efforts assist ensure administration will get it proper the primary time and that we’re compliant in our actions as we pursue our respective college’s strategic targets.”
The occasion is being held per week earlier than President Robinson is scheduled to report his annual evaluation of inside controls to the Board of Trustees at their June 2 assembly. For FAMU, the onerous work to construct a “Tradition of Compliance” has paid off, mentioned FAMU Vice President for Audit Joseph Okay. Maleszewski.
Over the previous yr, FAMU has acquired clear monetary assertion audits for the College and the three Direct Help Organizations, the FAMU Nationwide Alumni Affiliation, FAMU Basis, and FAMU Rattler Boosters. In January, the College acquired “the very best” Auditor Common operational audit in over 10 years, that solely famous one minor discovering associated to extra routine reconciliation and methodology of allocation for the Particular Function Funding Account, and a clear Auditor Common Monetary and Federal Awards audit, Maleszewski mentioned.
“We’re proud to notice that this audit contained just one audit discovering associated to the routine reconciliation and account for particular funding curiosity and earnings,” he added. “It has been over a decade since any State College System (SUS) establishment had just one Auditor Common Operational audit discovering.”
Maleszewski mentioned Thursday’s occasion exhibits HBCUs are critical about getting issues completed appropriately.
“This HBCU Fraud, Danger, and Controls digital City Corridor displays these establishments dedication to accountability and a powerful system of inside controls, which can assist construct a tradition of compliance,” Maleszewski mentioned. “Sustained consideration to those controls informs administration decision-making round alternatives to enhance operational efficiencies, improve tutorial and operational effectiveness, improve compliance, and allocate restricted staffing, monetary, and different sources to their highest and finest use.”