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State Auditor R. Thomas Wagner, Jr. releases the Family Foundations Academy Inspection report.

Auditor of Accounts | Former Auditor of Accounts - R. Thomas Wagner, Jr. | Date Posted: Wednesday, December 9, 2015



December 9, 2015

State Auditor R. Thomas Wagner, Jr. releases the Family Foundations Academy Inspection report.

Dover, Del. – State Auditor, R. Thomas Wagner, Jr., releases another report on a Delaware Charter School.   In January of 2015, Family Foundations Academy replaced its entire school board and worked with the Delaware Department of Education to address problems already reported by the press.

Auditor Wagner stated, “My office was tasked with performing a painstaking reconstruction of books and records that were never maintained by the prior school administration to determine if there were any improprieties.   It is my hope that, by performing such reviews for entities who purposefully avoid proper record keeping to hide inappropriate conduct, we will demonstrate that they are still at risk of being found out and held accountable.  Our work looked back to July 1, 2011, and covered three complete audit periods in which the CPA firm reported nothing to indicate the magnitude of the issues.

The new Administration indicated they have worked closely with staff and DOE to make the appropriate changes.  It has been my experience as State Auditor that organizations that suffer such public scrutiny can make significant improvement and even become the model for others.”

For details on the inspection, please refer to the complete report at: The Family Foundations Academy Charter School Inspection

For more information, please contact Kathleen A. Davies, CPA-PA, CISA, CGFM, CGAP, CFE, Chief Administrative Auditor, at 302-857-3919 or kathleen.davies@delaware.gov.

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State Auditor R. Thomas Wagner, Jr. releases the Family Foundations Academy Inspection report.

Auditor of Accounts | Former Auditor of Accounts - R. Thomas Wagner, Jr. | Date Posted: Wednesday, December 9, 2015



December 9, 2015

State Auditor R. Thomas Wagner, Jr. releases the Family Foundations Academy Inspection report.

Dover, Del. – State Auditor, R. Thomas Wagner, Jr., releases another report on a Delaware Charter School.   In January of 2015, Family Foundations Academy replaced its entire school board and worked with the Delaware Department of Education to address problems already reported by the press.

Auditor Wagner stated, “My office was tasked with performing a painstaking reconstruction of books and records that were never maintained by the prior school administration to determine if there were any improprieties.   It is my hope that, by performing such reviews for entities who purposefully avoid proper record keeping to hide inappropriate conduct, we will demonstrate that they are still at risk of being found out and held accountable.  Our work looked back to July 1, 2011, and covered three complete audit periods in which the CPA firm reported nothing to indicate the magnitude of the issues.

The new Administration indicated they have worked closely with staff and DOE to make the appropriate changes.  It has been my experience as State Auditor that organizations that suffer such public scrutiny can make significant improvement and even become the model for others.”

For details on the inspection, please refer to the complete report at: The Family Foundations Academy Charter School Inspection

For more information, please contact Kathleen A. Davies, CPA-PA, CISA, CGFM, CGAP, CFE, Chief Administrative Auditor, at 302-857-3919 or kathleen.davies@delaware.gov.

image_printPrint

Related Topics:  , ,


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.