In a report released Feb. 12, California State Auditor, or CSA, Elaine Howle said that although the UC Office of the President, or UCOP, has made strides in implementing financial transparency reforms, its current state still allows the UCOP to maintain “virtually an unlimited amount” of money. Howle’s most recent report was released after the results of her 2017 audit on the UCOP in which she discovered an accumulation of unaccounted funds, including $175 million that was hidden from the UC Board of Regents. In response to the 2017 findings, Howle requested that the UCOP implement transparency reforms by 2018.

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by Sasha Langholz, The Daily Californian.

Posted: February 18th, 2019, by: admin. Categories: . Awaiting Comments.