10 Miss. Code. R. 201-4.6 - Financial Records

A. Financial records and reports of the institution or other entity shall be kept and made separate and distinct from those of any affiliated or sponsoring person or organization.

B. Financial records and reports shall be kept in accordance with the guidelines of the National Association of College and University Business Officers as set forth in College and University Business Administration, Sixth Edition or such later edition as may be published.

C. An annual independent audit of all fiscal accounts of the educational institution or entity shall be authorized by the governing board, shall be performed by a independent certified public accountant, and shall be made available to the Commission upon request.

Notes

10 Miss. Code. R. 201-4.6

Adopted 6/12/2023 Amended 2/19/2024 Amended 6/6/2025