Montana: Student Loan Agencies To Give Board Of Regents Past Audits (The Billings Gazette)
"With the legislative auditor saying he can't legally audit two student loan agencies, directors of one of the entities voted Wednesday to furnish copies of its past audits to the Board of Regents," The Billings Gazette reports. "'Can we offer the board the right to review our financial and performance auditors by third parties?' asked Mark Semmens of Great Falls, a director of the Montana Higher Education Student Assistance Corp. Jim Stipcich, president and chief executive officer of MHESAC's business manager, Student Assistance Corp., called it 'a great idea.' Semmens, a former regent, said it shows the MHESAC directors are 'trying to be responsive to their requests. Our desire is to be helpful,' he said. Providing the audits would help 'continue the dialogue' between the board and regents. Three regents also serve on the MHESAC board. The MHESAC board voted unanimously during a conference call meeting to furnish these past financial and performance audits to the regents, probably at their meeting in Havre later this month."
You can read the complete May 15, 2008 Billings Gazette article on-line.
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