Word: auditing
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Dates: during 1950-1959
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...Detroit police explained that the secret of the Averills' prosperity was not rich relatives but a breathtakingly simple moneymaking technique. They arrested plump Mamie Averill, 58, on a charge of embezzling $100,513 from Giffels & Vallet. Apparently she had scooped out a lot more than that: a partial audit of the records revealed shortages totaling $876,168 during 1950-55 alone...
...early 1957, with the firm's owners grumbling about lean profits despite fat fees (annual gross: up to $400 million), Mamie Averill sensed that an audit was on the way. She resigned to enjoy her clothes and cars and homes until the reckoning that, as a skilled bookkeeper, she knew was coming...
...sent abroad $3.4 billion more than it received for its exports. Faced with a $4 billion gap in fiscal 1960 (ending next June 30), Treasury Secretary Robert Anderson has got the President's permission to cast a hard eye over next year's foreign-aid budget and audit the Pentagon's spending for overseas forces and bases. Last month Anderson gave U.S. policy a new dollar-saving twist: the U.S. announced that, with few exceptions, dollars lent in the future to underdeveloped nations by the Development Loan Fund must be spent in the U.S. (TIME...
Many courses in the University have a limited enrollment and must turn away a large number of students. The disappointed applicants may not be able to audit the course, and thus may miss it entirely. But they can attend a series of public lectures, especially if they are held in the late afternoon or evening when classes are not in session. Last year, for instance, Richard Poirier's afternoon lectures in conjunction with Comp. Lit 166 were very well attended...
...points is its imposing list of "great men." But it seems that the greater the man, the more unavailable he is to the undergraduate body. Harvard also points with pride to the infinite number and variety of the courses offered in the University. However, the student can take and audit only a very few. Public lectures based on the more general aspects of these courses and delivered by the eminent scholars themselves is a policy that should be continued and expanded. It would give a broader basis to the concept of "general education...