Finding 1137040 (2024-003)

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Requirement
P
Questioned Costs
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Year
2024
Accepted
2025-05-19
Audit: 356516
Organization: Claflin University (SC)

AI Summary

  • Core Issue: The University lacks a formal written security program required by the Gramm-Leach-Bliley Act.
  • Impacted Requirements: Not all seven elements outlined in 16 CFR 314.4 (b) are addressed, increasing risks to sensitive information.
  • Recommended Follow-Up: Implement a comprehensive written security program to meet compliance requirements.

Finding Text

Finding 2024-003-Student Financial Aid Cluster, ALN#84.007, 84.033, 84.063, 84.268, 84.379 Compliance Requirement: Gramm-Leach-Bliley Act – Student Information Security Criteria: The University is required to have a written security program that address the seven elements as described in 16 CFR 314.4 (b). Condition: The University does not have a written security program that address the seven elements as described in 16 CFR 314.4 (b) as of June 30, 2024. Cause: Although the University meets some of the seven elements as described in 16 CFR 314.4 (b), the University has yet to establish a formalized written policy. Effect: The University could have risks associated with the safeguarding of sensitive information it is not aware of or does not protect against. Questioned Costs: None Context: Not all elements as described in 16 CFR 314.4 (b) have been met, and the University does not have formal written documentation of its program. Recommendation: The University should implement a written security program that addresses the required elements as described in 16 CFR 314.4 (b). Management Response: The University concurs with this finding. Corrective Action Plan: See attached management’s corrective action plan.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $13.76M
84.268 Federal Direct Student Loans $13.52M
84.063 Federal Pell Grant Program $8.22M
81.137 Minority Economic Impact $3.84M
11.028 Connecting Minority Communities Pilot Program $1.63M
84.382 Strengthening Minority-Serving Institutions $755,487
84.031 Higher Education Institutional Aid $553,831
81.089 Fossil Energy Research and Development $546,113
84.047 Trio Upward Bound $539,146
84.007 Federal Supplemental Educational Opportunity Grants $379,711
84.042 Trio Student Support Services $351,846
84.033 Federal Work-Study Program $260,349
84.120 Minority Science and Engineering Improvement $177,416
84.184 School Safely National Activities $147,165
47.076 Stem Education (formerly Education and Human Resources) $65,385
93.859 Biomedical Research and Research Training $64,390
84.302 Next Generation Black Stem Teachers (ngbst) $54,024
47.083 Integrative Activities $43,201
94.013 Americorps Volunteers in Service to America 94.013 $37,903
11.303 Economic Development Technical Assistance $29,397
84.116 Fund for the Improvement of Postsecondary Education $18,653
47.075 Social, Behavioral, and Economic Sciences $15,485
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $13,192
47.084 Nsf Technology, Innovation, and Partnerships $12,825
10.351 Rural Business Development Grant $10,033
15.904 Historic Preservation Fund Grants-in-Aid $9,200
47.074 Biological Sciences $8,767
93.354 Public Health Emergency Response: Cooperative Agreement for Emergency Response: Public Health Crisis Response $7,916
84.220 Centers for International Business Education $7,840
81.123 National Nuclear Security Administration (nnsa) Minority Serving Institutions (msi) Program $6,439
81.113 Defense Nuclear Nonproliferation Research $3,307
47.041 Engineering $1,800
84.302 Summer 2023 Mgbst Research $1,397