Revealing the hidden costs of research

Article Abstract:

Growing emphasis is being placed on the need for financial transparency in scientific research in both the UK and the US. One of the most significant elements in financial transparency is the accounting of indirect costs, an area where there is particular controversy. Approaches to these issues in the US are relevant to other countries, as the US has over many years developed a system for identifying the indirect costs of research. The US system is complex, but does not require universities to show that money allocated for research costs was spent directly, and in proportion, by the departments and groups that brought that money in.

Finance, Accounting and auditing, Research, Research grants, Research funding

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UCSF settles lawsuit over research costs

Article Abstract:

The University of California at San Francisco (UCSF) has agreed to settle a lawsuit it filed against the Ischemia Research and Education Foundation's (IREF) founder and CEO Dennis T. Mangano. The university has accused Mangano of violating academic policies and withholding income from research funds. The IREF board has agreed to settle the lawsuit and pay UCSF $25 million after more than two years of litigation. Mangano maintains that he is innocent of any wrongdoing.

Cases, University of California (San Francisco), Mangano, Dennis T., Ischemia Research and Education Foundation

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