Currier House Committee members, at a meeting after the incident, suggested posting weekly or monthly financial reports in the house to keep residents abreast of the accounts.
In response to the scandals, in 1995 Dean of the College L. Fred Jewett '57 began offering optional seminars for financial leaders of student groups in order to educate them on financial management.
Organizations were required to send a representative if they wanted to be eligible for College funds.
Yet Susan S. Kim '96, former president of the Korean Students Association, said last week that although she agrees with the idea, she had not heard of the seminars until now.
She said she has not noticed any changes in Harvard's supervision of the finances of student organizations, although she advocates an annual audit of every student group.
"Those kind of incidents happen all the time," she said. "[The College] should become more strict about regulating the finances of all organizations. That way everyone becomes more careful."
Since the incident in the Currier House Committee, the group monitors itself more rigorously, requiring the treasurer to submit a monthly record of expenditures and income to the secretary and president, both of whom must sign checks over $250.
In addition, Harvard began annual audits of the organization.
But Dean of the College Harry R. Lewis '68 said an interview earlier this year that the train of mismanagement will not result in a loss of student authority in extracurricular organizations.
"We're not planning to change our policy if we can possibly avoid it," he said. "I do think the autonomy of the student organizations can be maintained."