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North Carolina Central University audit finds $45 million in financial reporting errors

Summary by Fox8

DURHAM, N.C. (WNCN) — The North Carolina Office of the State Auditor released its financial statement audit of North Carolina Central University and found that the school has over $45 million in financial reporting errors for the fiscal year that ended June 30, 2024. The audit highlights that NCCU's financial reporting issues have grown over the years. Specifics for the report on the fiscal year (on pages 66-67 of the report) include, among othe…

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Carolina Journal

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Audit: NC Central University had over $45 million in financial reporting errors

According to an audit released Thursday by North Carolina State Auditor Dave Boliek, North Carolina Central University (NCCU) had over $45 million in financial reporting errors for the fiscal year ending June 30, 2024. Fortunately, per a press release issued by Boliek, the university is back on track and moving in the right direction financially. He said the deficiencies in the school’s financial reporting have snowballed over the last several y…

3 days ago

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ashepostandtimes.com

+2 Reposted by 2 other sources

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Audit: North Carolina Central reporting errors exceed $45M

(The Center Square) – More than $45 million in financial reporting errors by North Carolina Central University have been found in analysis by the Office of the State Auditor.

3 days ago

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abc11 Raleigh

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NC Central University audit reveals more than $45 million in errors

According to NC Auditor's Office, the audit showed the university's financial reporting was "grossly inaccurate."

3 days ago·Raleigh, United States

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WNCT

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WSPA

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NC Central University audit finds $45M in financial reporting errors

3 days ago

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Fox8

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North Carolina Central University audit finds $45 million in financial reporting errors

3 days ago·Cleveland, United States

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The Roanoke-Chowan News-Herald

HC audit reveals minor issues - The Roanoke-Chowan News-Herald

WINTON – While there were no major findings within Hertford County’s FY 2023-24 audit, that annual report did contain a few budget violations. Tim Zeng, CPA, MPA with Thompson, Price, Scott, Adams & Company, presented the audit to the Hertford County Board of Commissioners at their regularly scheduled meeting on March 17. Zeng noted overspending in three departments: Administration ($3,767), Elections ($2,652), and Office of Aging ($44,768). The…

3 days ago

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