Monday, December 9, 2019

'Significant' management, oversight issues found in audit of Maryland 529

An audit of Maryland 529, the state agency that oversees college savings plans, uncovered a series of problems including high management turnover, the discovery of an unknown bank account and unopened mail dating back a decade. The report, released Monday by the Office of Legislative Audits for the Maryland General Assembly, covers 2014 to 2018 and looked at fiscal practices in the agency. It detailed a “significant” lack of documentation throughout the agency and recommends a number of actions,…



from https://www.bizjournals.com/baltimore/news/2019/12/09/significant-management-oversight-issues-found-in.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/189579476537

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