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Audits show discrepancies in financial procedures at SFA

Audits show discrepancies in financial procedures at SFA
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POSTED: Tuesday, July 24, 2012 - 10:00am

UPDATED: Tuesday, July 24, 2012 - 10:26am

An internal audit at Stephen F. Austin State University found more than a dozen discrepancies in payroll and procurement procedures, performance evaluations, conflicts-of-interest disclosures and membership dues, documents show.

“The expenditure audit was a routine audit that we perform every year,” said Gina Oglesbee, director of SFA’s Department of Audit Services. “Each audit that we perform from our audit plan has a separate audit objective and scope, and we design our audit procedures and tests accordingly.”

Oglesbee shared those findings with the board of regents and committee members on June 16 before the newspaper requested results for payroll and expenditure audits from periods in 2011 and 2010.

Payroll, HR

For the 2011-12 fiscal year, SFA budgeted a payroll of more than $78 million for 4,189 employees, including staff members, faculty, graduate assistants, retirees and students. Oglesbee’s findings in random samplings:

■ Two of 48 employees’ tax withholding information did not agree to W4 forms on file.

■ One of two employees’ cell-phone benefits did not receive appropriate authorization on the approval form.

 

Read more from the Nacogdoches Daily Sentinel.

 

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