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U OF L AUDIT
Audit recommends University of Louisville improve financial controls
Reported by: Associated Press
Reported: Wednesday, July 2, 2014 3:43 PM EDT
An independent audit has recommended that the University of Louisville improve financial controls and oversight after a series of cases involving allegations of embezzlement and misuse of funds.
The Courier-Journal said Bill Meyer of auditors Strothman and Co. told the university trustees' audit committee on Wednesday that the recommendations if enacted would help prevent significant fraud.
The university said the full board is expected to consider the report July 10.
In the past six years, at least six university employees have been accused of taking the school's money or grant funds under its control.
Information from: The Courier-Journal, http://www.courier-journal.com