OSU, Internal Audit and Innovation Foundation

TIMELINE: What led to the OSU audit?
The recently released audit from the Office of Internal Audit at the Oklahoma Agricultural and Mechanical Colleges Board of Regents has revealed significant financial mismanagement of state-appropriated funds at Oklahoma State University.
OSU discontinues funding of foundation whose audit led to Shrum resignation
In an email to faculty and staff, Interim President Jim Hess said funding has been "discontinued" for "The Innovation Foundation at OSU and the shared services and facilities positions within it. This decision was necessary as the financial structure of The Innovation Foundation is simply not sustainable."
Oklahoma State University to shutter Innovation Foundation at center of state audit
After one month in office, Oklahoma State University Interim President Jim Hess announced a series of “organizational changes” following a state audit that found $41 million in misappropriated funds at OSU’s Innovation Foundation.
OSU cuts funding to Innovation Foundation in response to audit results
Oklahoma State University will cease funding for its Innovation Foundation after an audit revealed $41 million in misappropriated funds, with $11.5 million transferred without proper contracts. Organizational changes are also underway.
OSU interim president addresses audit, discontinues funding for The Innovation Foundation
The Oklahoma State University Interim President addressed the recent audit that found issues in the management and allocation of state funds at OSU.
Regent says employee tip led to internal OSU audit that showed alleged misspending
An OSU/A&M regent says an internal audit that apparently led to former President Kayse Shrum's resignation started with a ...
Kayse Shrum disputes OSU audit conclusions, says no laws broken or money missing
She resigned as Oklahoma State University president amid an investigation into the alleged mishandling of $41 million in ...
News 95d
Former OSU President Kayse Shrum Responds To Audit; Says Legal Counsel Was Followed
Former OSU President Kayse Shrum addresses audit findings, asserts no funds missing, and claims all actions followed legal ...
Internal audit finds 'significant issues' in how OSU spent appropriated money
An internal audit at Oklahoma State University found "significant issues" with how certain legislatively appropriated money ...
Regent Callahan says audit into OSU spending was prompted by employee complaints
The Oklahoma State University audit that revealed $41 million in misappropriated state funding was urged by confidential complaints from university employees, regent Jennifer Callahan said. The funds ...
News 94d
'I could not have anticipated that I would be serving under these circumstances': Board of Regents member Addresses OSU audit
In response to an open records request, Oklahoma State University released an audit report on March 5th that showed ...
KRMG Tulsa on MSN4d
Recent audit claims OSU mismanaged millions of taxpayer dollars
The report claims $41 million provided by the Oklahoma Legislature to the OSU Medical Authority (OSUMA) was not “properly ...
NonDoc6d
OSU audit: Fiscal decisions ‘violated state laws’ with ‘improper’ diversion of $41 million
A review of how state appropriated dollars were improperly directed for use within the OSU Innovation Foundation was released ...