U of L

Higher Education
7:20 am
Fri September 13, 2013

U of L Hiring Auditor, Consolidating Management To Improve Financial Oversight

Originally published on Thu September 12, 2013 4:05 pm

The University of Louisville has announced it will hire a firm to look into the school’s financial management.

The board’s decision Thursday is a response to allegations by the IRS that a high-level employee wrote himself checks in excess of $2 million.

U of L spokesman Mark Hebert says the firm will review all internal audits for the past several years, review personnel with financial responsibilities and recommend whether more oversight is needed.

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