Friday, November 18, 2011

O’Duor steps down as VP of audit and compliance

Charles O’Duor has resigned as FAMU’s vice-president of audit and compliance. He had served in the position since 2007.

According to The FAMUan, O’Duor’s exit comes in the wake of an outside review of the Division of Audit and Compliance which found that the office had submitted executive summaries of 15 audits to the Board of Trustees instead of the full reports. Additionally, the outside review stated that an audit and review plan was not in place.

"These are very serious allegations because the Division of Audit and Compliance is the university's principal organization for assisting the University in maintaining university-wide external and internal compliance with all applicable laws, regulations, policies, processes and internal controls," President James H. Ammons said.

Chief Communications Officer Sharon Saunders emphasized the university’s financial health remains strong.

"The audit referred to during the investigation are internal audits of areas the university want reviewed and not the annual audit conducted by the state auditor general. Since the 2007-08 academic year, FAMU has received clean unqualified audits from the auditor general," Saunders said.

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