Fund balance is the accumulated difference between revenues and expenditures. In the absence of state law, school boards should adopt sound policy regarding fund balance accumulation. Excesses of fund balance raise significant questions about school district management. Fiscal leaders of schools must make every effort to channel all school…

A federal tax official specializing in tax-exempt organizations discusses the relatively new use of coordinated examination audits. Significant issues being raised as the use of such audits expands are examined, including employment tax, contractors, withholding on students, unrelated business income, bond financing, the audit process, corporate…

By 1992, all states had adopted the Governmental Accounting Standards Board's (GASB) Generally Accepted Accounting Practices (GAAP). However, not all governments had implemented them by that date. Points out the advantages and weaknesses of GAAP. Concludes that the uniformity in accounting rules give greater assurance that the information…

The ways in which accountability issues have affected federal-university relationships, particularly in the area of academic research, are examined. Lessons university administrators have learned since issuance of Office of Management and Budget Circular A-21 in 1958, Congressional hearings on the operations of the National Institutes of Health…

Budget shortfalls and fund deficits in many school districts are expected to continue in the 1990s. School boards and administrators must develop plans to manage and maintain the financial health of the school system. One important aspect of this planning is management of debt. (58 references) (MLF)

This article argues that, to be effective and ethical organizations, colleges and universities should develop and implement codes of conduct and staff training programs in business ethics and fraud prevention, which are most logically managed by the internal audit department of the institution. (MSE)