Thu, Nov 17th, 2011
A recent financial audit of Hocking College by the Office of Dave Yost, Auditor of State, has returned a clean audit report. Hocking College's excellent record has earned it the Auditor of State Award. The award is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a clean audit report:
  • Must be a GAAP entity without a Certified Annual Financial Report (CAFR) that timely files their financial report with the Auditor of State;
  • The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;
    • The entity's management letter contains no comments related to:
    • Ethics referrals
    • Questioned costs less than $10,000
    • Lack of timely report submission
    • Reconciliation
    • Failure to obtain a timely audit
    • Findings for recovery less than $100
    • Public meetings or public records
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