California: UCSD to be audited by IRS

Union-Tribune: University reviews are unusual, official says

The University of California San Diego is undergoing an IRS audit – an uncommon procedure that may become more prevalent in the coming months.

UCSD officials declined to provide many details, except to say the Internal Revenue Service will spend several months reviewing the university’s payroll, accounts payable, student accounting and other financial transactions processed in 2005. The campus characterized the audit as “routine.”

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