1.) Write a summary of the article.

2.) How does the article apply to accounting control systems?

3.) What did you learn from the article?

2 Paragraph Minimum.

hat 'any Colleges Learn That The Are vuf le to Embezzlement by Employees ar Ne THE CHRONICLE OF HIGHER EDUCATION Archives 10, 1991 Many Colleges Learn Vulnerable to Embezzlement b Employees and Need Strict Procedures By Julie L. nberger worked d help make the lives of poor students at Marquette easier. As a manager of Marquette's Educational Op Program, Father Steinberger administered a budget of abo million and oversaw grants and tutoring for 350 students People who knew the priest said he had dedicated himself to the destitute. While working toward his doctorate at Marquette, drove 180 miles on weekends to work with poor Roman Cathol parishes in Chicago. When a job opened a the Educational Opportunity Program, Father Steinberger was hired with high recommendations from faculty members But there was another side to the man described as trustworthy and hardworking. While ather Steinberger was paying the program's bills, he was also pocketing thousands of dollars himself about $100,000 in a to support his cocaine habit John G. Hill, Jr., general counsel for Marquette, describes the reaction of many at the university: "We were shocked Shock is the response of most colleges and universities that have fallen victim to embezzlement. Although it is not known how many cases of embezzlement occur each year on campuses, more than two dozen colleges have been stung in the past few years a sign, some observers say, that the wave ol greed and fraud that swept through Wall Street in the 1980's has washed into academe Many financial officials say colleges and universities are actually SCI more vulnerable to embezzlement schemes than private businesses, because financial control on most campuses is PROG http://chronicle.com/art