Word: auditing
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...life of Mark Antony, Plutarch produced one hilariously elegant sentence. It turned the loverboy's debauches into a kind of civic virtue: "((Antony)) never feared the audit of his copulations, but let nature have her way, and left behind him the foundations of many families...
...jarring to meet Barone, Harvard's director of internal audit, a laid-back but disciplined version of the proverbial eldest child...
...majored in accounting, is involved in several professional organizations and, at age 36, has already been head of Harvard's Internal Audit Department for eight years...
...also works with the Council on Governmental Relations, "an important sponsored research administrators group...as an audit advisor, in a sense," Barone says...
Those rosy opinions were sandwiched between totally contrasting judgments by the Federal Home Loan Bank Board, which supervised S&Ls whose deposits were insured by the Federal Government, as Madison's were. In a 1984 audit, the bank board warned that Madison's "investment and lending practices in real ( estate developments" were jeopardizing its "viability." In 1986, eight months after the second Massey letter, another bank-board audit cited a hair- raising list of "problems," including "conflicts of interest, high-risk land developments, poor asset quality . . . inadequate income and net worth, low liquidity, securities speculation, excessive compensation ((presumably to officers...