University of Louisville Hires Outside Auditor

By: Associated Press
By: Associated Press

LOUISVILLE, Ky. (AP) — University of Louisville trustees have hired an outside auditor after having multiple cases of employees accused of stealing or misusing funds.

The Courier-Journal reports the board took the action Thursday in an effort to protect the school's finances. The auditor will review internal audits going back to 2007 and financial policies at the health science campus.

The action comes on the heels of Perry "Chad" Vaughn, who oversaw business affairs for the Department of Family & Geriatric Medicine, being accused of stealing as much as $2 million. Vaughn has not been charged criminally, but federal court documents detail an investigation of him.

The case is one of several involving university employees who have been accused of stealing, misspending or mishandling $7.6 million since 2008.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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