Wednesday, September 07, 2011

UMES Written Up For Numerous Inadequate Financial Controls

The Maryland Office Of Legislative Audits performed an audit of The University Of Maryland Eastern Shore and wrote the University up for numerous inadequate financial controls. Is this a great surprise to anyone? From Financial Aid, awarding grants for student financial aid, giving of honors grants to students without adequate grades, lack of control over food in the storage area, to outstanding uncorrected areas that were written up in the 2008 audit and still had not been corrected, and the list goes on. For a retired Accountant and alumni of UMES I found the report interesting and just added to my opinion of the place.

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