Schools Should Prove and Demonstrate Financial Accountability
Not only should all colleges and universities - public and private - be financially accountable, they should also be to prove that accountability and to demonstrate it to all of their constituencies, including their parents.Several groups specializing in academic finances are advising higher-ed institutions to adopt provisions that mirror those targeted at publicly traded corporations in the Sarbanes-Oxley Act, the federal law that was designed to better police corporate governance.