Fraud Reporting and Inquiries

The College's auditors, PricewaterhouseCoopers, are required by professional standards to inquire of College personnel about their knowledge of fraud risk at the College. These are normal procedures and are a response, by the auditing profession, to the accounting irregularities experienced in the public sector over the past few years. These are standard inquiries that will be asked during all college audits. This is not something unique to Colby. The auditors will utilize sampling techniques to select areas for inquiry thus, not all areas will be visited. If you have any questions or concerns about these procedures, you may contact Ruben Rivera at x4127 or rlrivera@colby.edu. If you or any of your staff are aware of situations involving possible fraud, please report it to an appropriate College official know immediately.