Fitchburg State University
November 16, 2015 · Read the full official report (PDF) ↗ · official site ↗
Published November 16, 2015 Audit covers July 1, 2013 – December 31, 2014 Under Suzanne M. Bump · 2011–2023
source
“We did not identify any significant deficiencies in those areas.”
Read the plain-English breakdown
This is a Massachusetts State Auditor performance audit of Fitchburg State University covering July 1, 2013 through December 31, 2014.
“I am pleased to provide this performance audit of Fitchburg State University.”
The audit looked at whether the university had proper controls over money, property, spending, receivables, campus crime reporting, and required loss reporting.
“In this performance audit, we examined certain FSU activities related to trust funds, inventory of property and equipment, certain administrative expenditures, accounts receivable, the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, and Chapter 647 of the Acts of 1989.”
The audit matters because it checked whether public university funds, equipment, and reporting duties were being handled properly.
“Based on our audit, we have concluded that FSU has established adequate controls and practices in the areas reviewed and has complied with applicable statutory and regulatory requirements related to our audit objectives.”
If you are a student, parent, taxpayer, or resident, the report says the sampled areas of the university were being managed appropriately during the audit period.
“We did not identify any significant deficiencies in those areas.”
The auditor answered yes to every audit objective, meaning the university met the standards tested in this audit.
“Below is a list of our audit objectives, indicating each question we intended our audit to answer and the conclusion we reached regarding each objective.”
The report does not list corrective actions, because the audit did not find significant deficiencies in the areas reviewed.
“We did not identify any significant deficiencies in those areas.”
This was a clean audit result for the topics examined, including trust funds, inventory, administrative spending, receivables, and required reporting.
“Based on our audit, we have concluded that FSU has established adequate controls and practices in the areas reviewed and has complied with applicable statutory and regulatory requirements related to our audit objectives.”
The Clery Act is the federal rule requiring colleges and universities to report crime on and near campus.
“The Clery Act requires colleges and universities to report crime on and near their campuses.”
What the Auditor checked
- Complied Are the financial and managerial controls over the university’s trust funds sufficient and effective to ensure that funds are spent appropriately and in compliance with their purpose?
- Complied Are there effective controls over inventory that safeguard the university’s property and equipment? Is the university complying with Chapter 647 of the Acts of 1989 in reporting stolen and/or missing property?
- Complied Are the internal controls over administrative expenditures effective in ensuring that the expenditures are reasonable and appropriate?
- Complied Does FSU effectively manage its accounts-receivable write-offs and reporting in order to comply with internal policies as well as the Office of the State Comptroller’s (OSC’s) regulations?
- Complied Are FSU’s internal control policies and procedures sufficient to ensure its compliance with the federal Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act (the Clery Act)?
More audits of this entity
Other Office of the State Auditor reports on Fitchburg State University .
- Audit of Fitchburg State University (September 15, 2023)College / University · September 15, 2023
- Audit of Fitchburg State University (FSU)College / University · June 28, 2019
- Fitchburg State University's Use of American Recovery and Reinvestment Act FundsCollege / University · December 15, 2011