Audit: WV school’s inventory system doesn’t protect assets

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HUNTINGTON, W.Va. (AP) — A legislative audit says a West Virginia college’s inventory management system isn’t properly recording state assets or safeguarding them from misuse, abuse or fraud.

The Huntington Herald-Dispatch reports the audit released Wednesday says Marshall University’s inventory system doesn’t effectively represent the school’s inventory or accurately track the physical location or unique identifying information for most reportable objects. However, the audit says the system does maintain adequate control over firearms.

The school has a policy of maintaining inventory records of items valued at $5,000 or more. But the audit says the school lacks written policies to protect assets valued at less than $5,000, including cellphones and laptops. The school’s senior vice president for operations, Brandi Jacobs Jones, says the university is working to address the issues.

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