Officials from the Southern Association of Colleges and Schools have decided that FAMU will maintain its accreditation, but extended its probationary status until June 2008.
According to Belle Wheelan, president of SACS’ Commission on Colleges, FAMU has fully corrected one of the 10 standards that were out of compliance.
Wheelan believes the six month extension will give the university the time it needs to address the nine remaining areas that concern the school’s finances.
FAMU recently received its first unqualified audit from the Florida Auditor General’s Office. The agency found that the university has an auditable financial statement with seven internal control findings. The report notes that these findings have either already been corrected or have been partially corrected.
The Famuan will have more coverage of this story when we return in January. Be sure to check thefamuanonline.com for more breaking news updates.