FAC Explorer

Finding 1097059 (2023-002)

Significant Deficiency
Requirement
C
Questioned Costs
$1
Year
2023
Accepted
2025-01-28
Audit: 340262
Organization: Career School of Ny, Inc. (NY)
Auditor: Babu Samuel CPA

AI Summary

  • Answer: The Direct Loan Quality Assurance System needs improvements to ensure compliance and accuracy in loan processing.
  • Trend: Recent audits show an increase in errors related to documentation and eligibility checks.
  • List: Follow up by enhancing training for staff, implementing regular audits, and updating system protocols.

Finding Text

DIRECT LAON QUALITY ASSURANCE SYSTEM

Categories

Questioned Costs

Other Findings in this Audit

  • 520617 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $770,230
84.268 Federal Direct Student Loans $374,968