Finding 1078468 (2023-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-10-08
Audit: 324217
Organization: Rust College, INC (MS)

AI Summary

  • Answer: The new module for the accounting records system is not fully integrated, leading to discrepancies in financial reporting.
  • Trend: Ongoing issues with data accuracy have been noted, which may affect compliance and decision-making.
  • List: Recommend a thorough review of the module's integration, staff training on its use, and regular audits to ensure data integrity.

Finding Text

Accounting Records System - Additional Module

Categories

No categories assigned yet.

Other Findings in this Audit

  • 502025 2023-001
    Significant Deficiency Repeat
  • 502026 2023-002
    Significant Deficiency
  • 1078467 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $2.18M
84.063 Federal Pell Grant Program $2.06M
84.268 Federal Direct Student Loans $1.96M
84.031 Higher Education_institutional Aid $1.90M
84.007 Federal Supplemental Educational Opportunity Grants $521,881
84.047 Trio_upward Bound $298,281
84.033 Federal Work-Study Program $271,781