4-9-18 uw oshkosh foundation scandal prompts changes for nonprofits
OSHKOSH, Wis. (AP) — The financial troubles that have landed the University of Wisconsin-Oshkosh Foundation in Chapter 11 bankruptcy are leading to changes at similar nonprofit foundations associated with UW campuses. The Legislative Audit Bureau has recommended more stringent accountability rules for the organizations. Officials say university campuses should have chancellors file annual financial statements and foundation reports should be independently reviewed by certified public accountants. UW System spokeswoman Stephanie […]