WASHINGTON — Harvard University has been tapped for one of roughly 40 audits the Internal Revenue Service is conducting this year to examine the financial and business practices of tax-exempt colleges and universities.

The Massachusetts Health and Educational Facilities Authority disclosed the audit in the official statement for $480 million of revenue bonds it issued for Harvard. The authority said the IRS selected the university for a “team examination program” audit under an ongoing agency initiative to look at the financial and business operations of nonprofit universities.

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