ASU vows to right its ship -, South Georgia News, Weather, Sports

ASU vows to right its ship

June 10, 2004

Albany-- Albany State University leaders say a terrible audit will be turned around this year.

A routine check by the state auditor rated Albany State University a "Code 5" -- the worst rating by the state's audit system.

Poor accounting procedures and embattled leadership at the time are to blame. Fiscal Affairs V.P. Stanley Williams was hired by Albany State a year ago to clean up accounting practices.

Williams, a 20-year veteran of higher education accounting, says the record keeping this fiscal year, which wraps up June 30th, will be much improved. "I told the board they will see a great improvement this year over last year. I have put some corrective actions in place this year and we are sure things will look better."

Williams says many changes have taken place since the poor 2002-2003 audit. An outside accounting firm was hired to help with the problems cited by the state auditor.

Also, a consulting firm was brought in to investigate weak spots and to train ASU personnel.

posted at 5:40PM by

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