Detroit School Principals Get Accounting Education | AccountingWEB

Detroit School Principals Get Accounting Education

It's back to school time for school principals in the Detroit area, where school audits have disclosed embezzlement and mismanagement of funds in schools that haven't been audited in 12 years.

One Detroit school bookkeeper was charged with embezzlement and forgery and has since pleaded guitly to those charges, two others face charges, and more charges are expected to follow as the Wayne County Prosecutor's Office reviews audits from other schools.

School administrators are being provided with emergency training in financial management including how to keep books, what types of records are needed to justify expenses, how to check bank statements, what federal or other earmarked money can be used for, and more.

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