Post by jbrob on Dec 13, 2023 18:26:36 GMT -5
Accreditation agency extends time for Guilford College to address financial issues
A college accrediting bureau has placed Guilford College on a form of probation concerning its financial issues.
A post by Guilford College President Kyle Farmbry says the university has taken steps to improve its financial management, like hiring an auditing firm experienced in higher education accounting and implementing Workday, a financial management and human resources software program.
Farmbry says a cyberattack on the university last year led to significant unexpected expenses and contributed to a budget deficit.
The Southern Association of Colleges and Schools Commission on Colleges is the accrediting body for institutions of higher learning in 11 Southern states.
www.wfdd.org/story/accreditation-agency-extends-time-guilford-college-address-financial-issues
A college accrediting bureau has placed Guilford College on a form of probation concerning its financial issues.
A post by Guilford College President Kyle Farmbry says the university has taken steps to improve its financial management, like hiring an auditing firm experienced in higher education accounting and implementing Workday, a financial management and human resources software program.
Farmbry says a cyberattack on the university last year led to significant unexpected expenses and contributed to a budget deficit.
The Southern Association of Colleges and Schools Commission on Colleges is the accrediting body for institutions of higher learning in 11 Southern states.
www.wfdd.org/story/accreditation-agency-extends-time-guilford-college-address-financial-issues
