4.5 Auditing Policy

The College financial records will be audited annually by a certified public accountant licensed to practice public accounting in the State of Missouri and with documented experience in federal and state funds auditing. A copy of this audit will be sent to the Department of Higher Education, the Department of Elementary and Secondary Education, the U.S. Department of Education, and other regulatory agencies as required. A copy of the audited Revenues and Expense Statement will be published in local newspapers.

(Adopted 12-3-1968; Revised 6-23-2003)