January 9, 2004

Colleges Are Urged to Shift Their Accounting Practices in the Post-Enron Era

By JULIANNE BASINGER

In this time of corporate scandals, colleges and universities should not only be fiscally accountable, but also be able to prove it, say groups specializing in academic and nonprofit finances.

To that end, those groups are advising higher-education institutions to adopt provisions that follow the Sarbanes-Oxley Act, a federal law designed to rein in rogue corporations and restore investors' confidence in publicly traded companies.

The National Association of College and

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