UCLA dismissed its chief financial officer days after he publicly alleged “serious errors” in campus financial statements and warned of a $425 million deficit. The chancellor announced the immediate effective date of the termination; the ousted CFO had told the student newspaper that unaudited campus reports were incorrect and that spending had outpaced revenue for years. The rapid removal follows an unusually public clash over campus accounting and internal controls at one of the nation’s largest public research universities. Faculty, trustees, and external auditors will likely press for reconciled statements and tighter financial oversight; other campuses may reexamine the transparency of unaudited campus reporting and contingency planning for large deficits.