Public universities are not for-profit businesses with an easy-to-understand bottom line: their financial reports are not designed to convey information to the public fully or to reflect all the costs of teaching and research. Financial reports do track every dollar in accordance with the accounting rules required by auditors, but they do not…

Nestled in the mountainous, southeastern Mexican state of Puebla, the University of the Americas-Puebla has been a distinguished institution with close ties to the United States. It was a popular study-abroad choice and enjoyed accreditation by the Southern Association of Colleges and Schools. However, under the tenure of Pedro Angel Palou Garcia,…