KC Star: Regents audit of K-State finds pattern of questionable financial practices

The Star:

A 34-page audit released by the Kansas Board of Regents on Friday outlines years of questionable payments, potential conflicts of interest, poor accounting and possible tax problems for Kansas State University, several of its former employees and the athletic department.

The report – prepared by the Grant Thornton LLP accounting firm – details previously unknown payments of tens of thousands of dollars to separate companies owned by head football coach Bill Snyder, former athletic director Tim Weiser, and Bob Krause, former athletic director and former vice president for institutional advancement.

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