Finding 1206633 (2024-002)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2026-04-14

Audit: 398733

Organization: Salem University LLC (IN)

Auditor: ALMICH & ASSOCIATES

AI Summary

Issue: Discrepancy found between graduation rate data and student data for 1 out of 5 students sampled.
Trend: Overstatement in documentation of the annual Student-Right-to-Know (SRTK) notification.
Follow-up: Verify student data accuracy and correct SRTK documentation practices.

Finding Text

The graduation rate supporting data file did not agree to the student data submitted by the Institution for the applicable cohort year for 1 student in our sample of 5 students. In addition, documentation of the annual Student-Right-to-Know (SRTK) notification to students was overstated.

Corrective Action Plan

The Institution provide enhanced staff training to ensure all documenation is submitted and entered into the system on time and correctly; implement a second-level review process; and perform quarterly audits of submissions.

Other Findings in this Audit

1206632 2024-001

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