Finding Text
2022 ? 003: Reporting Federal agency: U.S. Department of Education Federal program title: Education Stabilization Fund: Higher Education Emergency Relief Fund Student Portion and Institutional Portion ALN Number: 84.425E, 84.425F Pass-Through Agency: N/A Pass-Through Number(s): N/A Award Period: July 1, 2021 through June 30, 2022 Type of Finding: ? Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: The 2 CFR Section 200.303 require that nonfederal entities receiving federal awards establish and maintain internal control designed to reasonably ensure compliance with Federal Statutes, regulations, and the terms and conditions of the Federal awards. 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of cash management. The University should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of reporting for the Educational Stabilization Fund, it was noted that there was no formal documentation of review. Questioned costs: None Context: The University did not have documentation of review of student disbursements or reporting for the Education Stabilization Fund. Cause: Due to staffing turnover, the process and documented review was not completed for these areas. Effect: While performing audit procedures, no instances of noncompliance with the provisions of reporting were noted; however, the lack of internal controls and document review items in these compliance requirements provides an opportunity for noncompliance. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2021-004. Recommendation: We recommend the University design controls to ensure an adequate review and approval process is in place and documented.