Grambling's Accreditation in Jeopardy?


SlickPartna

SlickPartna

Client & Player President
I read this today in the Montgomery Advertiser today...
All the links online are 'dead'...
Here's one from The News-Star Online...

This is all I got from the "News-Star Online"... then a dead link!

Grambling State University

GSU given extra week to work records
State Legislative Auditor Dan Kyle will pull his team in from Grambling State University for a training session in Baton Rouge next week, which means GSU will have another week to provide him with records needed to complete the audit for 2001-02.

"In order to give Grambling State Univ... >more



What's the deal?
I'm sure this is old news from reading the article...
it seems as though they have been attempting to correct the accounting issues for two years now?

But now it appears that a dead-line is approaching...
Any more details?

Man... :confused:


Reference: The results from my online search.
 

I also found this...

OTHER NEWS: GRAMBLING CLOSING?
School could be out for more than just the summer.

Grambling State University is in danger of closing. You read
right. According to Reuters, due to serious accounting discrepancies
within the university, the school could be closing its doors.
This comes just a year after the historically black college
celebrated its 100th birthday.
Founded by an association of black farmers in 1901, the
Louisiana college has been unable to provide financial statements
deemed acceptable for a state audit since 1997, Reuters reported.
Such an audit is usually required for reaccreditation, which happens
every 10 years. Grambling is reportedly 2 years overdue.
The Southern Association of Colleges and Schools, an Atlanta
-based national accrediting group, has placed Grambling on probation
and has set a Sept. 16 deadline for an approved audit for the past
two academic years.
Here's the problem. Without accreditation, the school loses
all federal funds, including financial aid. In addition, Grambling
degrees would lose value, in particular with admissions boards
at other institutions or licensing boards.
The accounting problems involve a series of financial problems,
including thefts and improper spending. State Legislative Auditor
Dan Kyle hopes to tame the task and has doubled the auditing
staff to help the school meet the deadline. He described the
school's bookkeeping to Reuters as: "like saying for accounts
receivable, 'several different people owe me $10,000 combined,
but I don't know who they are or how much each one owes.'''

EUR
 
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