OAKLAND COUNTY, Michigan –The Oakland Community College Board of Trustees announced its 2018 audit committee, comprised of three elected trustees and four community members. The committee works to assist the Board of Trustees in fulfilling their oversight responsibilities for financial reporting, internal control, audit, and compliance with related regulations. This includes external review of the audited financial statements, as well as risk management and the internal control environment.
Since 2015, Oakland Community College has been recognized for its financial excellence through the CAFR program (Comprehensive Annual Financial Report) – one of only two community colleges in Michigan – going beyond the minimum requirements of financial reporting and Generally Accepted Accounting Principles (GAAP) for public entities. In tandem with the annual award, independent auditing firm Plante Moran also recognizes the College and prior Board audit committees for their excellence in fiscal oversight.
The committee roster includes Board Trustees Susan Anderson, committee chair, Royal Oak; Shirley Bryant, Farmington Hills; and Pamala Davis, Clawson; as well as community members Farmington Hills resident Michael Carroll, Warren resident Helen Kieba-Tolksdorf, Milford resident Peggy Scheske, and Bingham Farms resident Sara Voight.
"Serving on this committee is an excellent way to support oversight of the financial reporting processes at OCC, a major tax-supported institution in Oakland County," said OCC Board Chair John McCulloch. "Community involvement is important as we continue to ensure the College is financially sound, transparent and focused on student success and the College's mission meeting community need."
About OCC - With five campuses throughout Oakland County, Oakland Community College is committed to providing academic and developmental experiences that allows each student to reach their full potential and enhance the diverse communities they serve. It offers degrees and certificates in approximately 100 career fields and university transfer degrees in business, science and the liberal arts. More than a million students have enrolled in the college since it opened in 1965.
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