Alabama State Audit Likely to Cost Over $500K - Higher Education

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Alabama State Audit Likely to Cost Over $500K

by Associated Press

MONTGOMERY, Ala. — Representatives for Gov. Robert Bentley Robert Bentley  -Search using:News, Most Recent 60 DaysBiographies Plus Newssay the state will likely spend over $500,000 on a forensic audit surrounding contract concerns at Alabama State University.

AL.com Monday reported ( http://bit.ly/WbGyuN) the audit is the result of former university President Joseph Silver claiming he was told not to investigate contracts he found to be suspicious. Silver was placed on administrative leave in November before he and the university settled on a mutual separation agreement.

The university agreed to pay Silver $685,000 to resign from the position he held for about three months. A stipulation of the agreement calls for Silver to participate in any audit, investigation or lawsuit related to his employment with the school.

After his resignation, Bentley said he would help assemble a search team to find a replacement president.

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