Wednesday, May 12, 2010
SC State University’s assistant vice president for Fiscal Affairs, Joseph M. Pearman, Jr., recently received the Certificate of Achievement for Excellence in Financial Reporting on behalf of the University. The certificate was awarded by the Government Finance Officers Association (GFOA) of the United States and Canada, a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, Ill., and Washington, D.C.
The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
Pearman, who was responsible for submitting the award-winning comprehensive annual financial report (CAFR), advised that this is the fifth year that SC State University received the certificate of achievement.
“Being named the recipient of the National GFOA Certificate of Achievement for Excellence in Financial Reporting is an honor for me,” says Pearman. “The award reflects the culmination of all of the hard work that the finance division expends throughout the year. It also provides a comfort level to the University’s stakeholders that we are fully and properly reporting the activities of the University operations,” he continued.
The CAFR was judged by an impartial panel to meet the highest standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.