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GAO: Kings Point academy needs more controls

The U.S. Merchant Marine Academy in Kings Point

Photo credit: Alejandra Villa | The U.S. Merchant Marine Academy in Kings Point celebrates its Seventy-sixth Commencement Exercises. (June 18, 2012)

The U.S. Merchant Marine Academy in Kings Point has taken steps to correct financial improprieties discovered in a 2009 audit, but still must establish a system to detect fraud and misuse of funds, a U.S. Government Accountability Office report said.

Released Friday, the GAO report is a follow-up to a 2009 probe that discovered the school had overcharged students on fees, had inadequate financial...

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