Recent revelations that the Detroit Riverfront Conservancy, which has been one of the city’s premier jewels, is making major changes, after a massive corruption scandal that took its former chief financial officer William Smith to jail for embezzling $44.3 million is good news.
The internal financial controls the conservancy is putting in place, including periodic independent audits, is necessary, considering this public body has been the recipient of millions of dollars in taxpayer money as well as private funding over the years.
No one should provide an excuse for how the conservancy was running its finances under Smith. Yes, Smith was the culprit but the blame should also be placed on everyone who had collective and overall fiduciary responsibility of the organization. The nonprofit s

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