The News & Observer is reporting on financial irregularities detailed in a draft internal audit of the Historically Minority Colleges and University Consortium. NC Central Chancellor Charlie Nelms tells the N&O he’s having the audit double checked to ensure the accuracy of its findings and allegations before a final audit is released.
“I want to see the source documents, and I want to see the field notes from the audit, because I want it to be accurate,” Nelms said. “I don’t want it to be hearsay, because some of the allegations are just mind-boggling.”
Fair enough. And now that the N&O has the draft audit, reporter Jay Price will be able to compare the final version with the draft and see what was added or deleted.
Near the end of the story is another detail that may become a stand-alone story. How would you like to be Erskine Bowles this morning?
Nelms said that he hadn’t informed UNC system President Erskine Bowles about the problems yet, but that he had told the system’s top financial and auditing officials.
