UCLA abruptly dismissed its chief financial officer days after he told the student paper that he had found ‘serious errors’ in campus financial reports and warned of a $425 million deficit. The university said the departure was effective immediately; Chancellor Julio Frenk acknowledged the leadership change without detailing next steps. Stephen Agostini, who had been vocal about unaudited campus statements and described systemic financial management flaws, said spending had outpaced revenue across academic units. The episode exposed tensions over transparency and campus financial controls at one of the nation’s largest public research institutions. The rapid firing after public allegations raises governance questions for the UC system, including how campuses publish unaudited statements, the role of internal oversight, and whether external audits or board inquiries will follow.