
Dr. Frank Pogue said Dr. Marie McDemmond and two members of her staff also will check the qualifications of Grambling's accounting staff.
Last week, a state audit found that, during the fiscal year ending June 30, 2009, the university bought stock with money supposed to be used for buildings and grounds and lost $1 million on the deal.
The purchase was made six months before Pogue arrived on campus as interim president.