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Accounting

California State Controller John Chiang. (CBS)

State Auditors Critical Of Hercules’ Accounting Records

State Controller John Chiang said in a pair of audits released on Thursday that Hercules has the worst set of accounting records he has ever seen and may have to pay back $2 million in federal and state grants because of poor documentation.

05/11/2012

Students walk to class at UC Berkeley (Justin Sullivan/Getty Images)

UC Audit Finds Irregularities, Lack Of Transparency

A 15-month review of the books at the University of California found no evidence of major fiscal malfeasance in the 10-campus system, but raised concerns about a lack of transparency in some areas of its budgeting.

CONNECT WITH KCBS–07/29/2011