Home > News > Internal audit bills university up to $897,000
By Kyeland Jackson —
An internal audit, investigating the University of Louisville Foundation’s financial records and procedures, will cost up to $897,000.
The Courier-Journal first reported the story, obtaining the contract between ULF and Alvarez and Marsal, the internal auditing firm picked on Dec. 5 to investigate the foundation. A&M billed a fee of $687,500, with added travel and expense costs totaling up to $897,000. The audit will investigate the activities and accounts of the foundation, it’s subsidiaries and affiliates.