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Columbia Missourian

Federal 2006 audit cites accounting errors at UM

By The Associated Press
March 27, 2009 | 6:24 p.m. CDT

COLUMBIA — The University of Missouri system expects to return $282,000 to the federal government after an adverse compliance audit of research money received from the Department of Health and Human Services.

Outside auditors found the glitches in a review of fiscal year 2006 grant and contracts.

University officials say they didn't properly verify the eligibility of third parties who received research money to make sure that those receiving contracts did not have compliance issues.

The audit also faulted the university for not verifying in a timely way that certain grant recipients devoted the amount of time to research projects as outlined in grant proposals.

The university has reorganized its oversight of federal spending. Subsequent external audits of research money spent in fiscal years 2007 and 2008 show full compliance.