Finding 1121184 (2024-001)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-03-31
Audit: 351245
Organization: Presbyterian College (SC)
Auditor: Capincrouse LLC

AI Summary

  • Core Issue: The College is not fully compliant with the updated requirements of the Gramm-Leach-Bliley Act (GLBA).
  • Impacted Requirements: Insufficient documentation of security risk assessments, lack of multi-factor authentication for systems with personally identifiable information (PII), and no annual report to the board.
  • Recommended Follow-up: Allocate adequate resources to meet GLBA requirements and implement corrective actions as planned.

Finding Text

Gramm-Leach-Bliley Act (GLBA) Compliance Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, 84.038, and 84.379 Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, sufficiently implemented multi-factor authentication on systems containing personally identifiable information (PII), or provided a written, annual report to the board. Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: 2023-004 Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Subrecipient Monitoring Significant Deficiency

Other Findings in this Audit

  • 544740 2024-001
    Significant Deficiency Repeat
  • 544741 2024-001
    Significant Deficiency Repeat
  • 544742 2024-001
    Significant Deficiency Repeat
  • 544743 2024-001
    Significant Deficiency Repeat
  • 544744 2024-001
    Significant Deficiency Repeat
  • 544745 2024-001
    Significant Deficiency Repeat
  • 1121182 2024-001
    Significant Deficiency Repeat
  • 1121183 2024-001
    Significant Deficiency Repeat
  • 1121185 2024-001
    Significant Deficiency Repeat
  • 1121186 2024-001
    Significant Deficiency Repeat
  • 1121187 2024-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $57.22M
84.268 Federal Direct Student Loans $14.70M
84.063 Federal Pell Grant Program $1.80M
84.038 Federal Perkins Loan Program $435,750
84.033 Federal Work-Study Program $137,717
84.007 Federal Supplemental Educational Opportunity Grants $73,422
93.859 Biomedical Research and Research Training $34,598
97.036 Covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters) $17,690
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $16,974
21.027 Covid-19 Coronavirus State and Local Fiscal Recovery Funds $6,653