Essex County College today (December 21) announced the College has received a clean bill of health on its annual financial audit.
The audit, completed earlier this month by PKF O’Connor Davies, found no material weaknesses in the College’s internal controls and found ECC to be in compliance with all federal and state sponsored programs. In addition, all material weaknesses found in the 2016 audit have been corrected.
The “unqualified” rating received from the auditor is yet another major milestone as the College works to remove itself from the probation instituted last month by the Middle States Commission on Higher Education.
“This administration inherited these challenges when we assumed leadership of Essex County College last summer,” said President Anthony Munroe. “Since that time we have been working together as a team to face these challenges head on and restore the College to its place of prominence.”
For the first time in recent memory, the audit was completed ahead of all required deadlines.
“The unqualified rating from our auditor is obviously a significant achievement as we work to shore up the weaknesses identified by Middle States,” said Essex County College Board Chairman Thomas McDermott Jr. “We are well on our way toward meeting our March 1 deadline to have all our issues remedied.”
In placing the College on probation, Middle States cited issues with governance, and since that time the new Board and the Administration have been working together to ensure that all issues are addressed. Middle States’ action did not include any findings regarding the quality of the education offered by Essex County College and the Administration has worked diligently to assure current and prospective students that the academic programs at the College remain as strong as ever.