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Statement from President Richard Roberts

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In response to the allegations that have been made against me, my wife, my family, ORU, members of our staff, including deans, and provosts, I would like to make clear the policies and procedures established and in place for both Oral Roberts University and Oral Roberts Evangelistic Association. An outside, independent audit firm reviews financial transactions and controlling procedures. This firm then produces an annual report sent to the Audit and Compliance Committee of ORU and OREA. In addition, a compensation study, which includes all officers and anyone related to an officer, is prepared annually by our outside auditors and presented to the Audit and Compliance Committee.

All charges incurred by the Roberts family are divided into two categories: ORU/OREA and personal. ORU/OREA related expenses are charged to the ORU/OREA, and personal charges are charged personally to me.

Our internal accounting systems have strong controls which are audited annually by our outside CPA firm. Our auditors report directly to the Audit and Compliance Committee of the Board of Regents and OREA Trustees. Any expenses, including trips, errands, food, etc., deemed personal are charged back to me and are paid personally by me on a monthly basis.

Today, the Executive Committee of the Board of Regents met to authorize the implementation of yet another level of review and compliance through the retention of an additional independent outside auditing firm. While I am confident that these ongoing efforts will confirm that the practices currently in place are complete and appropriate, I and the Board of Regents are committed to any and all recommendations and considerations made in order to place the University in the highest possible place beyond reproach.

Dr. Richard Roberts, President of Oral Roberts University