Finding 10443 (2023-005)

Material Weakness
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-01-29

AI Summary

  • Core Issue: The District's information security policy is still in draft form and lacks the required seven elements for compliance with the Gramm-Leach-Bliley Act.
  • Impacted Requirements: Compliance with 16 CFR 314.3(a) and 2 CFR 200.303 mandates a comprehensive information security program.
  • Recommended Follow-Up: The District should finalize its information security policy to include all required elements to achieve compliance.

Finding Text

2023-005: Gramm-Leach-Bliley Act Compliance Federal Agency: Department of Education Federal Program Name: Student Financial Assistance Cluster Assistance Listing Number: Various Federal Award Identification Number and Year: Various Award Period: July 1, 2022 through June 30, 2023 Type of Finding: Material Weakness in Internal Control over Compliance and Other Matters Criteria: In accordance with 16 CFR 314.3(a) and 2 CFR 200.303, Institutions are required to develop, implement and maintain a comprehensive information security program that is written in one or more readily accessible parts. The regulations require the written information security program to include seven elements for institutions with fewer than 5,000 customers. Condition: During our testing, we noted the District's information security policy is in draft form and does not include all of the required seven elements. Questioned Costs: None. Context: The District's information security policy does not contain all seven elements required by the Gramm-Leach-Bliley Act. Cause: The District's information security policy is still in draft form. Effect: The District's information security policy is not in compliance with the Gramm-Leach- Bliley Act. Repeat Finding: This was not a finding in the prior year. Recommendation: We recommend the District review and finalize its information security policy and ensure it contains all seven elements required for compliance with Gramm-Leach-Bliley. Views of responsible officials: Management concurs with the finding and plans to correct the finding.

Categories

Material Weakness Internal Control / Segregation of Duties

Other Findings in this Audit

  • 10428 2023-001
    Significant Deficiency
  • 10429 2023-002
    Significant Deficiency
  • 10430 2023-002
    Significant Deficiency
  • 10431 2023-002
    Significant Deficiency
  • 10432 2023-002
    Significant Deficiency
  • 10433 2023-003
    Significant Deficiency
  • 10434 2023-003
    Significant Deficiency
  • 10435 2023-003
    Significant Deficiency
  • 10436 2023-003
    Significant Deficiency
  • 10437 2023-004
    Material Weakness Repeat
  • 10438 2023-004
    Material Weakness Repeat
  • 10439 2023-004
    Material Weakness Repeat
  • 10440 2023-004
    Material Weakness Repeat
  • 10441 2023-005
    Material Weakness
  • 10442 2023-005
    Material Weakness
  • 10444 2023-005
    Material Weakness
  • 10445 2023-006
    Significant Deficiency
  • 586870 2023-001
    Significant Deficiency
  • 586871 2023-002
    Significant Deficiency
  • 586872 2023-002
    Significant Deficiency
  • 586873 2023-002
    Significant Deficiency
  • 586874 2023-002
    Significant Deficiency
  • 586875 2023-003
    Significant Deficiency
  • 586876 2023-003
    Significant Deficiency
  • 586877 2023-003
    Significant Deficiency
  • 586878 2023-003
    Significant Deficiency
  • 586879 2023-004
    Material Weakness Repeat
  • 586880 2023-004
    Material Weakness Repeat
  • 586881 2023-004
    Material Weakness Repeat
  • 586882 2023-004
    Material Weakness Repeat
  • 586883 2023-005
    Material Weakness
  • 586884 2023-005
    Material Weakness
  • 586885 2023-005
    Material Weakness
  • 586886 2023-005
    Material Weakness
  • 586887 2023-006
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $7.58M
84.425 Covid-19 Heerf - Institutional $1.95M
84.268 William D. Ford Direct Loan Program $1.17M
84.048 Perkins Title I-C (basic Grants to States) $333,414
84.007 Federal Supplemental Educational Opportunity Grants $174,774
84.033 Federal Work-Study Program $143,187
93.658 Foster-Kinship Care Education $74,141
93.558 Temporary Assistance for Needy Families $46,069
64.028 Veteran Assistance Title 38 $1,949
21.027 Covid-19 Sfrf Emergency Financial Assistance $1,754