Strothman and Company

The University of Louisville Board of Trustees’ Audit Committee has approved giving a Louisville auditing firm a $65,000 contract to see through changes to tighten the university’s financial controls and make it less prone to fraud.

The university for a year refused to release the financial review, which found a system susceptible to fraud. This week, the school settled a public records lawsuit brought on by the Kentucky Center for Investigative Reporting.

The public institution has repeatedly denied, delayed or failed to release materials that we believe are responsive to our public records requests.

The University of Louisville releases much-anticipated audit exploring school's financial controls. A series of thefts at the university prompted the deeper probe.

Following the Kentucky Center for Investigative Reporting's appeal of public records denial, the University of Louisville has until July 2 to hand over high-profile audit to the attorney general's office. The audit examines the institution's financial controls in the wake of several thefts at the school.

University has shared documents with trustees, but say much-anticipated audit is not yet ready for public view. Meanwhile, officials have signed a contract extension for a firm to implement audit recommendations.