Word: audits
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Dates: during 1980-1989
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...help improve this relationship with the government and to address critics that say Harvard is not serious about accounting for the government's money, the University's accountants recently undertook an experimental audit of government-sponsored research at Harvard...
While the audit--conducted by the firm Coopers and Lybrand--showed that Harvard accounts for its federal grants with a high degree of accuracy. It also demonstrated that the University must better document the financial systems that handle this money, says Thomas O'Brien, the University's financial vice president...
...football playing attracted a lot of attention. He was named All-City and recruited by such football powerhouses as North Dame, Michigan. Purdue and Tennessee Murrer chose Harvard, though, because he "was attracted to a school with such mystique and that treats you more as an audit than as a student...
...only after his misdeed has taken place. Several companies have developed programs that enable auditors to probe the record of transactions on a computer for any irregularities. Such a program is designed, for example, to uncover any unusually large or frequent transfers of money. A leading producer of these audit programs is Cullinane Database Systems of Westwood, Mass. Its sales grew 66% last year to $29 million, and customers include the Chase Manhattan Bank, General Electric, Burger King and the American Bible Society. Computer audit programs are selling so swiftly that the leading accounting firms are moving into the business...
...hundreds of video games introduced each year, most flop utterly, as if their screens and chips gave out algebra rays or tax-audit emanations. A few do moderately well And once every year or so a new game jumps into the public's lap and licks its face, and proves so endearing that money in unbelievable abundance falls on the heads of its fortunate makers. It is very hard to predict which game will be a lap jumper. Robert Mullane, president of Bally admits that he was not impressed with his first view of Pac Man, the company's most...