Word: audits
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Meanwhile, Harvard had avoided the tag of "scandal" in its dealings with the government, conducting an independent audit of Harvard Medical School billing practices and volunteering to repay the government for $500,000 in questionable expenditures. That cooperative move took some bite out of the U.S. General Accounting Office...
Meanwhile, the GAO in mid-July questioned the sampling methods used in the University's independent audit--conducted by accounting firm Coopers & Lybrand--and the allowability of $54,000 in expenditures over and above those withdrawn...
When Harvard conducted an independent audit and voluntarily withdrew $500,000 in overhead reimbursements from the government last spring, it avoided much of the bad publicity over indirect costs received by Stanford University that led to the resignation of Stanford president Donald Kennedy...
...Price Waterhouse audit that led to B.C.C.I.'s seizure last July covered only its banking activities. It said nothing about immensely profitable deals in other businesses, notably weaponry. Nor could it account for profits it could not see. And while the enterprise's known banking services are shut down around the world, virtually the full cadre of B.C.C.I.'s black network, arms traders and global operatives remain unindicted, unaccused and at large. The best guess of many of the sources TIME interviewed is that they will simply move on, perhaps under the umbrella of Pakistan's newest bank...
Others are less sanguine. A 1990 audit by the state legislature found that 84% of the appeals made by truant teens were overturned because of errors in records kept by the schools or the welfare agency. Furthermore, the Employment and Training Institute of the University of Wisconsin-Milwaukee found that in Milwaukee County less than 30% of the kids whose families had welfare payments docked for poor attendance were actually in school two months after being sanctioned. Last summer U.S. District Court Judge Terence Evans ordered that Learnfare be suspended in Milwaukee. "Recipients," he wrote, "should not be made homeless...