A new fraud policy, a hotline for employees to report fraud and the independent Office of Internal Audit will prevent fraud and ferret out future wrongdoing at the University of Central Arkansas, President Tom Courtway said during the Board of Trustees meeting Friday.
“We have all the circle complete,” Courtway said.
The university is beefing up its policies — including adding a new fraud policy — after an internal audit report in December revealed a wide-range of issues on campus, from malfunctioned surveillance cameras to an employee approving a scholarship worth thousands of dollars without proper documentation, between spring 2011 and spring 2012.
On Thursday, the Audit Committee approved “rolling out” the fraud hotline and notifying the campus the hotline is up and running. The hotline became active earlier this month. Students, faculty, staff, vendors and others can now report fraud any time, officials said.
Read more »