Yale Accounting Practices Scrutinized

georgia · medicine forum Guru Joined: 06 May 2005 Posts: 505

http://www.courant.com/news/local/hc-yale-accounting-0703,0,6055886.s...

Yale Accounting Practices Scrutinized

Associated Press

July 3 2006, 12:38 PM EDT
NEW HAVEN, Conn. -- Federal authorities are investigating how Yale
accounts for millions of dollars in government research grants, school
officials said Monday.
Yale received three subpoenas last week from the U.S. Department of
Health and Human Services, Defense Department and National Science
Foundation seeking grant documents. Authorities also have been
interviewing university employees about accounting issues.
In an e-mail to faculty and staff on Friday, Yale President Richard
Levin urged employees to cooperate with investigators.
"Regardless of the outcome of the current investigation, we must get
all our processes right and make sure that we are good stewards of the
funds entrusted to us by the federal government," Levin said in a
statement released Monday. "We know that we have more work to do."
The school has acknowledged it must improve its accounting process. A

report by the inspector general of the Department of Health and Human
Services noted in February that university procedures were not always
followed or were inadequate.
The school has hired a consulting group to speed up accounting
improvements.
Yale, like most large research universities, relies heavily on
government grants to pay for scientific research.
Copyright 2006 Associated Press

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