June 10, 2005

Thanks, Enron: Auditors Gain Clout on Campuses

By PAUL FAIN

Corporate scandals lead college boards to impose tighter financial controls

Text: An internal auditor at work

John G. Asmussen's office is two floors above that of James H. McCormick, chancellor of the Minnesota State Colleges and Universities System. And unlike every other employee of the 32-campus system, Mr. Asmussen, the system's executive director of internal auditing, does not answer to the chancellor.

Mr.

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