Thursday, July 10, 2008

The TFA responds to accounting fraud failures

The Quick and the Ed

But the Office of Inspector General at the US Department of Education has charged TFA with failing to account for half of the $6 million the organization received in federal discretionary grants between 2003 and 2005. The IG's office scrutinized a sample of the federal funds and concluded in a reported released last month that "TFA did not fully comply with applicable laws and regulations..." The organization "could not provide adequate supporting documentation [for half of its expenditures] because it lacked sound fiscal accountability controls," the IG's office wrote, adding that, "On several occassions, we requested additional documentation from TFA's Vice President of Accounting and Controls, but she never provided us with adequate supporting documentation or an explanation of the expenditures."
A newly hired TFA alumni responds:

"Like oh my God, you know...

Accounting rules are like, so contributing to the achievement gap. Totally.

If more teachers were, like, totally more like us, then everything would be like sooooo cool.

I mean its not like we are sending alumni to Wall Street or anything... well even so, that is just like, so unfair.

Gag me with a spoon. you know?"


avoiceinthewilderness said...

So the organization that receives public acclaim over their attention to data, can't keep track of their accounting data?
Makes you wonder about all of those "studies" that say how well they're doing.