OSU AUDIT

OSU cuts funding to Innovation Foundation in response to audit results

OSU cuts funding to Innovation Foundation in response to audit results

David Prock Oklahoma State University will cease funding for its Innovation Foundation after an audit revealed $41 million in misappropriated funds, with $11.5 million transferred without proper contracts. Organizational changes are also underway.

'I could not have anticipated that I would be serving under these circumstances': Board of Regents member Addresses OSU audit

'I could not have anticipated that I would be serving under these circumstances': Board of Regents member Addresses OSU audit

Katie Eastman In response to an open records request, Oklahoma State University released an audit report on March 5th that showed mismanagement and misallocation of $41 million in state funds at OSU. The report finds OSU's Innovation Foundation at the center of the mismanaged money. A Board of Regents member answered questions about the report on Friday morning.

Former OSU President Kayse Shrum Responds To Audit; Says Legal Counsel Was Followed

Former OSU President Kayse Shrum Responds To Audit; Says Legal Counsel Was Followed

David Prock Former OSU President Kayse Shrum addresses audit findings, asserts no funds missing, and claims all actions followed legal advice.

Audit of Oklahoma State University finds mismanagement of $41 million in state funds

Audit of Oklahoma State University finds mismanagement of $41 million in state funds

David Prock An audit revealed mismanagement of $41 million in state funds at Oklahoma State University, including unauthorized transfers and improper allocations for unrelated purposes.

'I want to know where it went!' Social media users take to the comments over OSU audit

'I want to know where it went!' Social media users take to the comments over OSU audit

Bella Roddy The audit findings have sparked a range of reactions on social media, with some expressing disbelief, others sharing frustration, and some speculating about the motivations behind the audit’s findings.

By The Numbers: Breakdown of OSU Audit

By The Numbers: Breakdown of OSU Audit

Bella Roddy An audit report released Wednesday by the Office of Internal Audit at the Oklahoma Agricultural and Mechanical Colleges Board of Regents has identified significant mismanagement of $41 million in state funds at Oklahoma State University. Here’s a breakdown of the findings:

View More Stories

What is The Innovation Foundation, and why are they at the center of an OSU audit?

What is The Innovation Foundation, and why are they at the center of an OSU audit?

Deanne Stein The Innovation Foundation, Inc., formerly known as the Oklahoma State University Research Foundation, is at the center of a recently released audit detailing financial mismanagement at Oklahoma State University (OSU). The foundation played a key role in handling state-appropriated funds, with auditors citing improper transfers and co-mingling of restricted funds.

What is The Innovation Foundation, and why are they at the center of an OSU audit?

What is The Innovation Foundation, and why are they at the center of an OSU audit?

Deanne Stein The Innovation Foundation, Inc., formerly known as the Oklahoma State University Research Foundation, is at the center of a recently released audit detailing financial mismanagement at Oklahoma State University (OSU). The foundation played a key role in handling state-appropriated funds, with auditors citing improper transfers and co-mingling of restricted funds.

TIMELINE: What led to the OSU audit?

TIMELINE: What led to the OSU audit?

Bella Roddy The recently released audit from the Office of Internal Audit at the Oklahoma Agricultural and Mechanical Colleges Board of Regents has revealed significant financial mismanagement of state-appropriated funds at Oklahoma State University. Here’s a timeline of key events leading up to and following the report’s release.

TIMELINE: What led to the OSU audit?

TIMELINE: What led to the OSU audit?

Bella Roddy The recently released audit from the Office of Internal Audit at the Oklahoma Agricultural and Mechanical Colleges Board of Regents has revealed significant financial mismanagement of state-appropriated funds at Oklahoma State University. Here’s a timeline of key events leading up to and following the report’s release.

View More Stories

View More Stories

Most Popular

Former Megachurch Pastor Robert Morris turns self in, bonds out of Osage County jail

Former Megachurch Pastor Robert Morris turns self in, bonds out of Osage County jail

Drake Johnson Robert Preston Morris, a former pastor of Gateway Church in Texas, was booked and released on bond from the Osage County jail on Monday.

Former Megachurch Pastor Robert Morris turns self in, bonds out of Osage County jail

Former Megachurch Pastor Robert Morris turns self in, bonds out of Osage County jail

Drake Johnson Robert Preston Morris, a former pastor of Gateway Church in Texas, was booked and released on bond from the Osage County jail on Monday.

Firefighters battle grassfires near Tulsa

Firefighters battle grassfires near Tulsa

David Prock Firefighters are battling grass fires near Tulsa; residents are advised to avoid affected areas as multiple agencies respond.

Firefighters battle grassfires near Tulsa

Firefighters battle grassfires near Tulsa

David Prock Firefighters are battling grass fires near Tulsa; residents are advised to avoid affected areas as multiple agencies respond.

Firefighters in McIntosh County work to contain large wildfire

Firefighters in McIntosh County work to contain large wildfire

David Prock Firefighters are working to contain a grass fire in McIntosh County. The fire seems to be in the area near Exit 247 south of I-40.

Firefighters in McIntosh County work to contain large wildfire

Firefighters in McIntosh County work to contain large wildfire

David Prock Firefighters are working to contain a grass fire in McIntosh County. The fire seems to be in the area near Exit 247 south of I-40.

View More Stories

Most Popular

Former Megachurch Pastor Robert Morris turns self in, bonds out of Osage County jail

Former Megachurch Pastor Robert Morris turns self in, bonds out of Osage County jail

Drake Johnson Robert Preston Morris, a former pastor of Gateway Church in Texas, was booked and released on bond from the Osage County jail on Monday.

Firefighters battle grassfires near Tulsa

Firefighters battle grassfires near Tulsa

David Prock Firefighters are battling grass fires near Tulsa; residents are advised to avoid affected areas as multiple agencies respond.

Firefighters in McIntosh County work to contain large wildfire

Firefighters in McIntosh County work to contain large wildfire

David Prock Firefighters are working to contain a grass fire in McIntosh County. The fire seems to be in the area near Exit 247 south of I-40.

Oklahoma man pleads guilty to leaving the scene of deadly OSU accident

Oklahoma man pleads guilty to leaving the scene of deadly OSU accident

David Prock The man accused of a hit-and-run that left a 19-year-old Oklahoma State student dead in 2024 is expected in court on Tuesday.

JFK files released by Trump administration related to assassination

JFK files released by Trump administration related to assassination

CBS News The Trump administration on Tuesday evening released tens of thousands of pages of government documents related to the 1963 assassination of President John F. Kennedy Jr., weeks after President Trump ordered government agencies to unveil their JFK files to the public.

International Delight coffee creamers recalled in several states including Oklahoma

International Delight coffee creamers recalled in several states including Oklahoma

Drake Johnson Over 75,000 bottles of International Delight creamer are being recalled in dozens of states including Oklahoma and Arkansas.

View More Stories

View More Stories