FAC Explorer

Audit 32754

FY End
2022-12-31
Total Expended
$2.47M
Findings
2
Programs
7
Organization: Icohs College INC (CA)
Year: 2022 Accepted: 2023-09-11
Auditor: Ortega Accountancy Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
34120 2022-001 - - L
610562 2022-001 - - L

Programs

ALN Program Spent Major Findings
64.125 Vocational and Educational Counseling for Servicemembers and Veterans $848,756 Yes 1
64.130 Veteran Rapid Retraining Assistance Program $782,016 Yes 0
84.268 Federal Direct Student Loans $375,039 - 0
84.063 Federal Pell Grant Program $275,179 - 0
64.116 Vocational Rehabilitation for Disabled Veterans $98,783 - 0
84.425 Education Stabilization Fund $83,277 - 0
84.007 Federal Supplemental Educational Opportunity Grants $7,987 - 0

Contacts

Name Title Type
D66CU59MAAN1 Kieu Vo Auditee
6194502224 Mario Ortega Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federalaward activity of ICOHS College, Inc. under the programs of the federal governmentfor the year ended December 31, 2022. The information in this schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of ICOHS College, Inc., it is notintended to and does not present the financial position, changes in net assets, or cashflows of ICOHS College, Inc.(1) Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance and/or OMB Circular A-122, Cost Principlesfor Non-profit Organization, wherein certain types of expenditures are notallowable or are limited to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.

Finding Details

Finding 2022-001
Finding 2022-1: 85/15 Reporting (Voc. & Ed. Counseling for Service Members) Criteria: The 85/15 rule prohibits paying Department of Veterans Affairs (VA) benefits to students enrolling in a program when more than 85 percent of the students enrolled in that program are having any portion of their tuition, fees, or other charges paid for them by the Educational and Training Institution (ETI) or VA. The 85/15 calculations must be submitted using the Statement of Assurance of Compliance With 85 Percent Enrollment Ratios form no later than 30 calendar days after the start of the regular term (excluding summer terms). Condition: Our testing of the Institution's submission of the Statement of Assurance of Compliance With 85 Percent Enrollment Ratios form disclosed two instances where the form was submitted past the 30 calendar day deadline. Cause: The Institution offers programs on a five-week basis which do not line up with the quarter reporting requirement. Consequently, this has created some confusion in understanding the deadline requirements. Effect: Without updated 85/15 information, it is not possible for the VA to determine the institution?s eligibility to enroll VA-eligible students within the VA?s designated timetable. Recommendation: The Institution needs to ensure that it adheres to its policies and procedures and VA reporting compliance requirements. Questioned Costs None Views of Responsible Officials: Management is in concurrence with the finding.
Finding 2022-001
Finding 2022-1: 85/15 Reporting (Voc. & Ed. Counseling for Service Members) Criteria: The 85/15 rule prohibits paying Department of Veterans Affairs (VA) benefits to students enrolling in a program when more than 85 percent of the students enrolled in that program are having any portion of their tuition, fees, or other charges paid for them by the Educational and Training Institution (ETI) or VA. The 85/15 calculations must be submitted using the Statement of Assurance of Compliance With 85 Percent Enrollment Ratios form no later than 30 calendar days after the start of the regular term (excluding summer terms). Condition: Our testing of the Institution's submission of the Statement of Assurance of Compliance With 85 Percent Enrollment Ratios form disclosed two instances where the form was submitted past the 30 calendar day deadline. Cause: The Institution offers programs on a five-week basis which do not line up with the quarter reporting requirement. Consequently, this has created some confusion in understanding the deadline requirements. Effect: Without updated 85/15 information, it is not possible for the VA to determine the institution?s eligibility to enroll VA-eligible students within the VA?s designated timetable. Recommendation: The Institution needs to ensure that it adheres to its policies and procedures and VA reporting compliance requirements. Questioned Costs None Views of Responsible Officials: Management is in concurrence with the finding.