ON Auditor General releases full report on Laurentian

The Office of the Auditor General of Ontario has released the full Special Report on Laurentian University. Auditor General Bonnie Lysyk’s report highlights the major issues that contributed to the university’s financial deterioration and CCAA proceedings, and provides a series of recommendations to the university, its board of governors and senate, and provincial government. In her opening reflections, Lysyk asserts that “there is a strong argument that CCAA is an inappropriate, and perhaps damaging, remedy for public entities” and that “public universities should not be treated—or act—like private corporations.” She further notes that the university appears to have reached a turning point and now has the opportunity to foster key precepts at the institution as the leadership is refreshed. Laurentian issued a response indicating that it agrees with the recommendations made in the report and “hopes the valuable lessons learned from the Auditor General’s review will benefit all of the higher education sector and other public sector institutions.” Auditor General (Report)| Laurentian| Sudbury| Guelph Today Note: Archived stories may contain dead links or be missing source links.