RESOLUTION

Establishing
The Center for Financial Forensics and Information Security
at
Western Connecticut State University

January 28, 2005

WHEREAS,   The field of financial forensics represents one of the fastest growing practice areas in the fields of professional accounting and criminal investigation, and

WHEREAS,   More research is needed in the areas of financial forensics and information security and more professionals are needed in the workforce, and

WHEREAS,   Over the past several years the Accounting, Justice and Law Administration and Management Information Systems departments at WCSU have expanded and/or modified their curricula to respond to these workforce needs, and

WHEREAS,   WCSU has received recognition for its educational endeavors in financial forensics and information security, and

WHEREAS,   Such a Center will integrate these academic endeavors and substantially expand university leadership in this area, and

WHEREAS,   The President of Western Connecticut State University has expressed the desire to establish a Center for Financial Forensics and Information Security in the Ancell School of Business, therefore be it

RESOLVED,   That the Board of Trustees for the Connecticut State University System hereby authorizes the establishment of the Center for Financial Forensics and Information Security at Western Connecticut State University, and be it further

RESOLVED,   That the Center for Financial Forensics and Information Security may seek and receive contracts and grants from public and private organizations and may charge fees for services related to the purposes stated above provided that all applicable state and University regulations are observed, and be it further

RESOLVED,   That all funds received by the Center shall be deposited in operating fund at Western Connecticut State University in an account established for this Center and that such funds shall be used for the purposes of this Center and appropriate University support functions rendered to the Center, and be it further

RESOLVED,   That the President of Western Connecticut State University is directed to periodically evaluate the functioning of the Center for Financial Forensics and Information Security in terms of its effectiveness, and shall no later than September 1, 2009 report the results of the evaluation with a recommendation to the Chancellor of the CSU System who in turn shall share this information with the Board of Trustees, and be it

RESOLVED,   That the Center for Financial Forensics and Information Security shall have a sunset date of December 31, 2009, unless action to the contrary is taken by the Board of Trustees for the Connecticut State University System.

A Certified True Copy:

William J. Cibes, Jr.
Chancellor