Word: audite
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Scott and O'Brien say they expect the Med School audit to be tied up in one package with the $2.2 million still to be negotiated from the School of Public Health audit, but will not comment further on the state of the negotiations. But another official, Harvard's chief federal lobbyist Parker L. Coddington, says that the negotiating process is "making its way towards a quite acceptable conclusion...
...reason for Harvard officials' tough stand is--not surprisingly--another audit, this one an experimental audit conducted by the University's private accountant, Coopers and Lybrand...
Last year, Coopers completed the audit conducted of all the research money the University received in 1978, for all departments and schools. The certified public accountants found that Harvard accounted correctly for about 98 percent of the money, with "no fraud, abuse, or diversion of federal funds...
Meanwhile O'Brien and officials in Washington stew over the harm the disputes have on the higher education-federal relation. The audit problem has "probably been the leading cause of damaging what was heretofore a fairly cordial relationship," Goldberg flatly states...
...real bonanza, though, is in spare parts. An Air Force audit revealed that Pratt and Whitney has quietly increased the price of one part, a turbine air seal, from $16 to more than $3000, supposedly to correct an accounting error in the original price--the audit uncovered scores of such "corrections." Overall, the defense industry has, for the past two years, sustained an inflation rate of 20 percent--more than double the national average...