All posts tagged "audit"

  • U of L hires new vice president for enterprise risk management

    By Shelby Brown — U of L hired Rhonda Bishop as the new vice president for enterprise risk management, audit and compliance effective April 16. Her appointed was approved by the trustees March 16. “Rhonda is a...

    • Posted March 22, 2018
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  • Op-ed: Foundation declares “clean bill of health,” looks to the future

    By Keith Sherman, U of L Foundation Director– 884. That’s the number of consecutive days the University of Louisville Foundation was under review from the Kentucky state auditor, a forensic auditing firm and our financial auditor. But...

    • Posted January 15, 2018
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  • University will not pursue legal action against foundation

    By Joseph Lyell — After two hours in closed meetings on Dec. 14, U of L’s Board of Trustees reconvened in open session to pass a resolution that it will not pursue litigation against the foundation. The...

    • Posted December 15, 2017
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  • Brief: Trustees continue legal recourse discussion

    By Joseph Lyell– A U of L Board of Trustees committee continued to consider legal action Dec. 6th in the wake of the scathing audit of its foundation. Board Chair David Grissom said the ad hoc special litigation committee has...

    • Posted December 6, 2017
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  • Former CFO files lawsuit over termination

    By Shelby Brown– Former U of L Foundation Chief Financial Officer Jason Tomlinson filed a lawsuit Nov. 9 alleging he was made the “fall guy” in the wake of the release of the foundation’s scathing audit in...

    • Posted November 13, 2017
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  • Details hidden in new foundation, university agreement

    By Shelby Brown– The U of L Foundation went behind closed doors twice today, voting on a potential deal, whilst keeping the terms under wraps. The agreement, still in draft form, was not released. Foundation Director Earl Reed...

    • Posted October 26, 2017
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  • Donors to help pay forensic audit’s $2.2 million tab

    By Shelby Brown– The James Graham Brown Foundation and C.E. and S. Foundation pledged $1 million each to help cover costs for investigating the U of L Foundation. June’s investigative audit, released publicly June 8, now totals upwards of...

    • Posted August 8, 2017
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  • The Louisville Cardinal News
    Board governance committee to revisit conflicts of interest

    By Shelby Brown– The ad hoc committee on board governance set a deadline to review U of L’s conflict of interest policies. The committee will revisit the current policies and procedures, effective since 2011, July 24. Committee...

    • Posted July 17, 2017
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  • Foundation paid executives $8 million in deferred compensation last fiscal year

    By Kyeland Jackson — Between July 2016 and now, the U of L Foundation paid executives more than $8 million in deferred compensation. The ULF Accounting Supervisor Justin Ruhl detailed the payouts during July 14’s finance committee...

    • Posted July 13, 2017
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  • Grawemeyer Hall U of L
    Attorney general launches investigation into U of L

    By Kyeland Jackson — U of L will now be investigated by Attorney General Andy Beshear’s criminal investigations department. Department of Criminal Investigations Commissioner John Moberly announced the probe in a June 30 letter, saying his office...

    • Posted July 13, 2017
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