Word: audits
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...financial support from Congress. In January, however, the inspector-general's office of the U.S. Agency for International Development (AID) issued a controversial 40-page report that took a searching look at the reform and concluded politely that it had had "mixed results." Among other things, the audit claimed that many of the 317 major farm cooperatives created under Phase 1 are "not financially viable." The future of those plantations, which produce mainly coffee, cotton and sugar, seems "bleak," said the report, without additional government assistance. As of September 1983, the cooperatives owed a total of $400 million...
...exempt Reagan Administration transition fund, headed by Meese in 1980-81, that refuses to reveal where its private donations came from and where much of its money went. The New York Times reported last week that the fund has even refused to open its books to a federal audit. The disclosure led Senate Judiciary Committee Member Ted Kennedy to ask Jacob Stein, the special prosecutor looking into allegations raised against Meese, to include the fund in his probe. A source close to the investigation insisted that Stein, with his far-ranging mandate to sort out the tangled Meese affair, will...
...believes the press undercuts the public's understanding of issues because reporters do not learn enough about their subjects and because all writing contains an inherent bias. He cites Time magazine's coverage of Harvard's audit settlement with the Department of Health and Human Services (HHS) last November--a footnote to a piece on sexual harassment at Harvard--as an example. The one sentence note provoked a page-long mailing to the cc list, which added the magazine as an involuntary subscriber. "Time is acting as a patsy for HHS," Lang says. "They use sex and Harvard to catch...
...both the audit and bond crackdowns, Harvard may well be the victim of its wealth and visibility. Although in each case the University has acted scrupulously and, as one should expect, in its own interests, it appears that Washington is seeking to make an example of the Harvard administration. But this is the price of prestige; as the self-styled leader of the educational community, Harvard must run its financial operations with the same attention and high principles that underly its academic pursuits...
Tefft echoed O'Brien, saying, "A lot of time and energy has been consumed by the audit process. I'm glad that's over...