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State Auditors on Site Beginning September 4

August 27, 2018

Each year a financial audit of the University is conducted by the North Carolina Office of the State Auditor. The state auditors will be on site beginning Sept. 4 for their work as part of the financial audit of the fiscal year ending June 30, 2018.

Update to Vendor Bank Accounts

February 8, 2018

On January 29, The News & Observer published an article about Appalachian State University’s financial loss caused by scammers who falsified vendor banking information in a money laundering scheme: http://digital.olivesoftware.com/Olive/ODN/NewsAndObserver/default.aspx

To tighten our own policies, Finance Procedure 1218.1, Determining Vendor Documentation, has been updated to include how changes to vendor bank accounts should be reported to Disbursement Services through Campus Vendor.

Unrelated Business Income Tax Compliance Questionnaire 2017

February 5, 2018

To: MOU Financial Leads From: Beth McAndrew, Director of Financial Reporting & Management Services The Financial Reporting department of the University Controller’s Office is responsible for compiling unrelated business income revenue and expenses each fiscal year for inclusion on the … Continued

State Auditors on Site

August 17, 2017

Each year a financial audit of the University is conducted by the NC Office of the State Auditor. The state auditors will be on site beginning August 25 for their work as part of the financial audit of the fiscal year ending June 30, 2017.

Internal Controls Organizational Changes

November 17, 2016

To: MOU Financial Leads, University Business Managers From: Brian Smith, Asst. Vice Chancellor for Finance and Accounting As we continue to move toward data-driven operations, Finance and Accounting is changing how we approach internal controls organizationally. Effective immediately, Internal Controls Accountant Rod … Continued