The College of Marshall Islands has brought in auditors to straighten its books in an attempt to solve its money problems.
The College's former business manager Louiston Louis allegedly stole 641,000 dollars in his three year term at the College and is awaiting trial on 98 counts of embezzlement.
The school is facing a deficit of 860,000 dollars for the coming school year, due mainly to management problems in its business school.
The auditors, Deloittes, have just completed auditing the 1999 accounts, and are working on the 2000 and 2001 accounts.
US Department of Education officials have reviewed the accounting and financial problems and say they are pleased with the action the College has taken to solve them.
