Rebecca Brown, the CFO of Florida A&M University, was on the receiving end of harsh remarks from the state’s Board of Governors last week after audit findings revealed multiple delayed reconciliations, poor internal controls and the continuation of financial issues the state university system has failed to address for over a decade.
During a meeting on June 18, members of the Florida Board of Governors’ audit and compliance committee expressed their concerns about the university’s finance function and its practices. Multiple board members also questioned Brown’s performance.
“From my perspective, the CFO failed pretty miserably in this job,” said Board of Governors member Aubrey Edge, who chairs the audit committee. “She’s been there two years and five months, which is long enough to know that you’re not reconciling your statements.”…