Financial Mismanagement Used To Be A Firing Offense

The SAEN has another story out on how our athletic department does a poor job of keeping track of its expenses.

The Texas A&M athletic department lacks control of its finances, according to an audit obtained by the Express-News.

The department "requires significant improvement in its financial controls and processes," according to the 25-page report that reviews a span from September 2007 to December of last year. Six accountants from the A&M system performed the internal audit.

Two high-ranking A&M officials said Wednesday that athletic director Bill Byrne's job was not in jeopardy based on the findings. Byrne, who couldn't be reached for comment Wednesday night, addressed the audit in his weekly online column.

Let's ignore the fact that there is no excuse for the athletic department not knowing where every single penny of its money is being spent; what about the timetable involved here? According to $Bill's weekly column, he just realized this issue last year. So, you're telling me it took you six years to realize the proper financial safeguards aren't in place? And you're still employed why?