NEW YORK (CNNMoney.com) -- Yele Haiti, the non-profit formed by musician Wyclef Jean, said Friday that it hired an accounting firm in the wake of increased public scrutiny of its finances.
The organization's board of directors said that the firm RSM McGladrey will help the group set up a new bank account for its Haitian earthquake fund.
The announcement came days after Jean tearfully denied allegations that he misappropriated funds from his charity. The accusations emerged after the Haitian native returned to the U.S. following several days of relief work in Port-au-Prince in the wake of the recent earthquake.
The allegations stemmed from payments made by Yele Haiti toward businesses owned by Jean and another board member -- including a production company and recording studio. The non-profit also failed to file taxes for three years.
Hugh Locke, president of Yele Haiti, described the failure to file as a "mistake." The organization eventually caught up with its taxes, according to documents filed by Yele Haiti.
Tax experts told CNNMoney.com that the organization did not break any rules in paying businesses owned by board members for services, so long as it was not being overcharged.
Jesse Derris, a spokesman for Yele Haiti, said the non-profit will continue to use Grant Thorton LLP to assist with tax services.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.19%||4.26%|
|15 yr fixed||3.23%||3.27%|
|30 yr refi||4.17%||4.23%|
|15 yr refi||3.21%||3.25%|
Today's featured rates:
Herbalife shares tumble after the maker of nutritional supplements reports earnings that fall short of analysts' estimates. More
New annual report from U.S. government shows the long-term prognosis for Medicare has improved thanks to slower health spending, while the outlook for Social Security remains unchanged. More
Online dating site OkCupid found its users were more likely to have conversations when it told them they were more compatible than in reality. More
Actor-founded This Bar Saves Lives had Hollywood connections, but learned Start-Up 101 the hard way. More
Steve Mason, a pastor from California, inherited more than $100,000 in student loan debt when his 27-year-old daughter died suddenly in 2009. With interest and late penalties, the debt has since ballooned to $200,000. More