Alberta institutions must improve financial reporting, AG report says

February 18, 2014

The Alberta College of Art and Design has once again received word from the province’s Auditor General Merwan Saher that the college needs to improve its financial oversights and reporting. The auditor general’s report, released last Thursday, found ACAD staff had expensed food, travel and private events, often with little evidence to justify the costs. The report recommends ACAD “strengthen its controls” over these employee expenses.  ACAD President Daniel Doz says, “The college continues to work hard at implementing a plan developed 3 years ago in order to ensure that ACAD acts on the recommendations." Saher’s report also found Olds College and Northern Lakes College failed to provide accurate financial statements in a timely manner and had not addressed outstanding recommendations. Calgary Herald | Full Report