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The first results from the Fair Labor Association's audits will be made public in March.
Such audits will be crucial as California embarks on its grand experiment in reining in climate change.
With the Indian government planning to spend a quarter of a trillion dollars to help the rural poor over the next five years, such audits will be crucial to reducing waste and fraud.
The board is required to examine the audits done by auditing firms, but just how intrusive its examinations will be, and how many audits will be scrutinized, are important decisions the board will have to make.
Many companies have complained that the new audits will be too expensive, while accounting firms have supported the changes because they would bring in new business and could expose financial problems early.
Issues raised by audits will be reported and discussed, and the operation of the system of approvals and reports will be reexamined and assessed for MIT as a whole and for each area in particular.
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The audit will be updated annually.
The audit will be conducted by PriceWaterhouseCoopers.
The results of the audit will be made public next month.
The inspector general's audit will be the subject of a hearing Wednesday by the House Oversight and Government Reform Committee.
Students (both registered and auditing) will be expected to do assigned readings before class.
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