Acknowledging its public fiduciary responsibility and its desire to ensure public trust, it is the expectation of the Board of Trustees that all individuals representing the College will act with the highest integrity, exercise due diligence, and comply with all relevant statutory and regulatory requirements in conducting the business of the College. To this end, it is the mandate of the Board that Trustees, college employees, volunteers, consultants, vendors, contractors and other individuals engaged in a relationship with the College avoid even the appearance of impropriety or engaging in fraudulent activities.
For the purposes of this policy, fraudulent activities will include, but not be limited to the following:
The President shall be responsible for development of procedures and internal controls serving to prevent or detect fraud, financial impropriety, or fiscal irregularities within the College. Such controls shall be regularly reviewed by the Colleges independent, external auditor to identify potential remaining risks, to evaluate the nature and extent of such risks, and to provide guidance in appropriately addressing such risks. Any risks identified by the external auditor shall be reported to the Board to ensure the risk is appropriately addressed.