Word: auditing
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...investigations, part of a new "coordinated audit program," began in September--when teams of IRS agents descended on the campuses of seven universities and requested access to their financial records, according to Marcus S. Owens, director of the agency's Exempt Organizations Technical Division...
Owens said that the program is currently in its initial stages. Agents will fan out to other schools as the current audits are completed, eventually investigating between 25 and 40 schools at any given time, he said, adding that each audit could last from one to three years...
...marketplace. Johnsson explained, "A strategy work streamtypically has an external bias. We bring ourknowledge of the marketplace to the client anddiscover how to leverage marketplace activitiesand business trends with where the organizationwants to go and their stated and implicitstrategy. During the course of a project, we willanalyze, audit or help clients formulate aparticular business strategy, or align theirline-of-business strategies with corporatestrategy. Assignments include a heavy dose ofcompetitive benchmarking, understanding customerneeds and marketplace segmentation work...
...said the names of the students would not have to be included in what he called an "audit" process...
Paying Up: The Internal Revenue Service began to audit students based on scholarship information it received from the University, in efforts to crack down on tax law violations. KAREN E. ESIELONIS '80 was asked to pay $735 in taxes on a four-year-old state scholarship...