Iowa Board of Regents to hear review of "significant deficiencies" in UI financial reporting

BY DI STAFF | APRIL 20, 2012 6:30 AM

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State Auditor David Vaudt is scheduled to report to the state Board of Regents on April 25 at the University of Northern Iowa about "significant deficiencies" in financial reporting at the University of Iowa.

These deficiencies include financial reporting at the UI regarding donated land and early retirement liability. Auditors did not find deficiencies in internal financial reporting considered material weaknesses at Iowa State University or the University of Northern Iowa.

— By Luke Voelz

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