St. Francis Hospital and Medical Center in Hartford, Conn., is conducting an internal audit to see if it has overstated financial contributions from its fundraising arm, according to a Hartford Courant report.
The audit is mostly concentrated around the 617-bed hospital's 2011 fiscal year and whether "pledges to the foundation…may have been improperly recorded as revenue," a hospital spokesperson told The Courant.
St. Francis President and CEO Christopher Dadlez said the audit has consequently delayed the release of the hospital's 2012 financial results. The report did not indicate how much money is in question nor if any accounting errors were actually made.
The audit is mostly concentrated around the 617-bed hospital's 2011 fiscal year and whether "pledges to the foundation…may have been improperly recorded as revenue," a hospital spokesperson told The Courant.
St. Francis President and CEO Christopher Dadlez said the audit has consequently delayed the release of the hospital's 2012 financial results. The report did not indicate how much money is in question nor if any accounting errors were actually made.
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