This after an "exit audit" by the Board as Jon Wefald ends his tenure as university president. While Wefald's audit found no illegal activity, it did raise several red flags.
The report also indicates Krause wore too many hats, and a great deal of oversight and responsibility rested solely in his lap.
There were also multiple instances in which the university may have paid the same bill twice. There was also a time in which discretionary funds from the president and vice president's offices were used to cover a deficit owed to the KSU Student Assistance Foundation.
With all of these irregularities, the report states the I.R.S. may want to take a deeper look, which could end up having the biggest impact on Kansas State.
Click on the video to find out what Wefald friend Senator Sam Brownback has to say about the situation.