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.
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.