Finding 1223492 (2026-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2026

Accepted

2026-07-09

Audit: 406855

Organization: Evangel University of the Assemblies of God (MO)

Auditor: FORVIS MAZARS LLP

AI Summary

Answer: Evangel University acknowledges the R2T4 finding and has corrected the error immediately.
Trend: The university will implement additional reviews by Financial Aid staff to improve accuracy in future calculations.
List: Follow-up actions include ongoing training and oversight by the Financial Aid Director.

Finding Text

Corrective Action Plan - Evangel University agrees with the R2T4 finding and has corrected the error, funds were adjusted and applied to the student's account the day of the finding. Going forward, reviews with additional Financial Aid staff will be added to ensure the calculation of aid earned is accurate by the Financial Aid Department under the direction of the Financial Aid Director.

Corrective Action Plan

Evangel University agrees with the R2T4 finding and has corrected the error, funds were adjusted and applied to the student's account the day of the finding. Going forward, reviews with additional Financial Aid staff will be added to ensure the calculation of aid earned is accurate by the Financial Aid Department under the direction of the Financial Aid Director.

Other Findings in this Audit

1223491 2026-001

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
84.268	FEDERAL DIRECT STUDENT LOANS	$10.92M
84.063	FEDERAL PELL GRANT PROGRAM	$4.32M
84.033	FEDERAL WORK-STUDY PROGRAM	$327,164
84.007	FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS	$187,964
84.379	TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS)	$33,948