Audit of ASU's finances to cost AL more money - WSFA.com: News Weather and Sports for Montgomery, AL.

Audit of ASU's finances to cost AL more money

Posted: Updated:
MONTGOMERY, AL (WSFA) -

An audit of Alabama State University's finances will cost more than originally expected, confirms Governor Robert Bentley's office.

Thursday, the governor confirmed that the State of Alabama will have to pay an additional $50,000 to extend its contract with "Forensic Strategic Solutions". That's the company looking into ASU's contracts. The total could go as high as $650,000.

The audit comes after former ASU President Dr. Joseph Silver raised allegations or irregularities before he was ousted from his position. At that time, in December 2012, Gov. Bentley signed an emergency contract with FSS worth $275,000.

In February 2013, the Legislature's contract review committee approved another $275,000 contract. 

In July, Governor Bentley signed an emergency contract with FSS for $50,000. 

Thursday, the Contract Review Board amended the contract passed in February, adding $50,000 more to the contract.

The governor's office says the extra money is needed because the audit is taking more time than was expected because of difficulties in getting access to necessary information.

The ASU Board of Trustees has authorized its own audit of University finances.

ASU officials said Thursday they are working on a statement and would release that statement soon.

Copyright 2013 WSFA 12 News.  All rights reserved. 

Powered by WorldNow