GGC honored by Georgia Department of Audits and Accounts
Georgia Gwinnett College awarded Certificate of Achievement for Excellent Financial Reporting.
Georgia Gwinnett College (GGC) earned the Certificate of Achievement for Excellent Financial Reporting for FY 2014 that is issued annually by the Georgia Department of Audits and Accounts (DOAA).
Brad Freeman and Tommy Harp, deputy directors with the Education Audit Division of the DOAA, presented the award to Stas Preczewski, president, and Ruth Berger, senior associate vice president for Financial Operations/Controller, who accepted on behalf of GGC at the USG Board of Regents March Board Meeting today in Atlanta.
“This certificate is an acknowledgement of the hard work and dedication that members of the Business and Finance team display on a daily basis,” said Preczewski. “I commend the team for their efforts as they strive for and achieve excellence in fiscal management on behalf of GGC.”
This award was established to recognize better practices for financial reporting and controls. This certificate of achievement encourages colleges and universities to go beyond the minimum requirements of generally accepted accounting principles and recognizes individual organizations that are successful in achieving that goal.
Criteria for the award include timely submission of college financial statements; quality of financial statements, note disclosures, required supplementary information; quality of audit documentation; resolution of accounting standards and presentation issues; key staff being readily available for audit questions; no significant deficiencies or material weaknesses identified during the audit engagement; and receiving and unmodified audit opinion on the college’s financial statements.
"This demonstrates GGC's commitment to excellent stewardship of all funds and revenues entrusted to our care," said Preczewski.