FAC Explorer

Finding 1206632 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-04-14
Audit: 398733
Organization: Salem University LLC (IN)
Auditor: ALMICH & ASSOCIATES

AI Summary

  • Core Issue: 10 out of 12 required Roster files were submitted late or not at all.
  • Impacted Requirements: Timely submission of Roster files is essential for compliance.
  • Recommended Follow-up: Ensure all future Roster files are submitted on time to avoid penalties.

Finding Text

Of the 12 Roster files required to be submitted by the Institution during the audit period, 10 Roster files were not submitted in a timely manner. The July 1, 2023 and August 1, 2023 rosters, were submitted on August 31, 2023; the September through February 2024 rosters, were updated on February 29, 2024; and April through June 2024 were not reported.

Corrective Action Plan

The Institution assigned qualified personnel to oversee submissions; automate and streamline submission processes; and conduct monthly audits to confirm guidance.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1206633 2024-002
    Material Weakness Repeat
  • 1206634 2024-003
    Material Weakness Repeat
  • 1206635 2024-004
    Material Weakness Repeat
  • 1206636 2024-005
    Material Weakness Repeat
  • 1206637 2024-006
    Material Weakness Repeat
  • 1206638 2024-007
    Material Weakness Repeat
  • 1206639 2024-008
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $8.85M
84.063 FEDERAL PELL GRANT PROGRAM $3.62M
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $246,561
84.033 Federal Work Study $24,505