Thanks, Enron: Auditors Gain Clout on Campuses. (cover story)

UNIVERSITIES & colleges; INTERNAL auditing; INTERNAL auditors; ACCOUNTING departments; ACCOUNTING laws; ENRON Corp.; WORLDCOM Inc.; HIGHER education; ACCOUNTING; AUDITING

Focuses on issues arising from the internal accounting and auditing systems of universities and colleges in the U.S. Responsibilities of internal auditors in the internal audit department of an academic institution; Rules of the Sarbanes-Oxley Act that requires the boards of publicly traded companies to take on more financial oversight and accountability; Impact of the accounting scandals involving Enron and WorldCom in 2002 on college boards; Functions of internal-audit departments. INSET: An Internal Auditor at Work.