Governor Perry Asks All Public Universities to Undergo Financial Audit

Governor Perry recently sent a letter to every public university in Texas, asking them to undergo an audit.

Th is request comes after an audit revealed the University of North Texas,over the period of a decade, mistakenly received, and then misspent more than $80 million in state money.

That's raising some questions about how UNT was able to obtain millions of dollars in excess funding without any red flags being raised.

Governor Perry is asking each school to do their own audit, to make sure the same mistake doesn't happen again.

Steven Moore, a Vice Chancellor with the Texas A&M System, says, "He asked that we re-look at our procedures in terms of financial controls and we're certainly going to do that. this is obviously a big deal. You're dealing with taxpayer money and the constituents that trust you to manage their money and we want to make sure we're doing a good job of that."

Perry did not set a deadline for the audit results.

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