FAMU implementing improvements requested by state audit

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The biggest problem that the Florida Auditor General David W. Martin flagged in FAMU’s latest operational audit is already old news. Martin said that FAMU and the University of Central Florida adopted presidential severance clauses that were out-of-compliance with a 2011 state law. Both universities have already promised the auditor general that they will take corrective action on the issue.

Out of the remaining 23 findings in the review, 18 simply said that FAMU needed to either “improve” or “enhance” its written procedures or controls.

Martin also addressed the eight audit executive summaries that were previous vice-president of Audit and Compliance submitted to FAMU trustees without full reports. He declined to describe them as “false audit summaries” like Associated Press reporter Gary Fineout has done.

The Florida auditor general said that FAMU that “the University determined that 8 of the 15 internal audits for which formal written reports had not been prepared should be re-performed. On April 12, 2012, the University engaged an independent CPA firm to re-perform the 8 internal audits.” He urged FAMU to “continue its efforts to correct deficiencies in its internal audit function.”

The $7.2M athletic deficit that FAMU had (as of June 30, 2012) also received the auditor general’s attention. He said: “Although the intercollegiate athletic programs are part of the Board’s approved budget for auxiliary enterprises, the continued use of cash resources of other auxiliary enterprises by the intercollegiate athletic programs increases the risk that other auxiliary enterprise operations (bookstore, food service, parking, telecommunications, and student housing) may be at risk of not having resources to meet their needs as separate auxiliary enterprises.”

Interim President Larry Robinson, Trustees Chairman Solomon Badger, and Vice-President for Audit and Compliance Rick Givens all assured the Tallahassee Democrat that the university is working to make the improvements that Martin requested.
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