Nelms made it clear Wednesday that he wants to get to the bottom of the situation that's targeted by the audit. Before making it public, he said he wants to make sure everything is in order.
Nelms said he knows North Carolina Central University is under scrutiny following a published report that claimed corruption on campus.
The published report cited the audit that Nelms said was leaked. The report shows that three Central employees took thousands of dollars meant for an agency that helps close the achievement gap between minority and white students.
"Of course we're concerned about that. Any time the integrity of the institution is questioned, there's something to be concerned about," Nelms said.
Nelms ordered the audit and UNC System President Erskine Bowles made that clear when the story broke earlier this month.
"You know and I know that Chancellor Nelms has never been one to shy away from the truth. In fact, this internal audit was undertaken because chancellor Nelms demanded it," Bowles said.
Chancellor Nelms addressed Central's Board of Trustees Wednesday.
"We will not leave a single stone unturned. We're going to look at everything, and once we've looked at everything, we're going to share it with you, and we're going to share it wherever we need to share it, and we're going to share it with the public," Nelms said.
Nelms said he plans to finish the investigation as soon as possible.
"We're not going to let speed get in the way of that. Having said that, our objective is to complete it hopefully in the next three weeks or so," Nelms said.
Nelms indicated previously that he had hoped to release the audit results earlier this week. It is still unclear exactly when the investigation will be complete and when the audit will be released to the public.