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Audit finds risks in charter schools

A new audit found charter schools and their management organizations pose a potential financial risk to federal funds, as well as threatening to miss the mark on achieving program goals.

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A new audit by the Office of the Inspector General found that charter schools and their management organizations pose a potential financial risk to federal funds. They also threaten to miss the mark on achieving U.S. Department of Education program goals. The report was released a week after the education department announced its latest round of funding — $245 million — for the expansion of charter schools. (U.S. News and World Report)

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