FAC Explorer

Finding 389780 (2023-003)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 300675
Organization: Antioch College Corporation (OH)
Auditor: Brady Ware & Schoenfeld

AI Summary

  • Core Issue: The College has not implemented the required GLBA policy for safeguarding sensitive student information.
  • Impacted Requirements: Management must explain information-sharing practices and protect sensitive data as mandated by the GLBA.
  • Recommended Follow-Up: The College should develop and adopt the GLBA policy to ensure compliance and protect customer data.

Finding Text

Finding 2023-003 - Significant Deficiency - Gramm-Leach Bliley Act( GLBA) - Student Information Security Criteria: Management is required to explain their information-sharing practices to their customers and to safeguard sensitive data, as dictated by GLBA. Condition: The College did not implement the GLBA policy. Cause: Due to staffing turnover this policy was not enacted. Effect or potential effect: Possible effect is that the College does not have the proper controls over information-sharing and safeguard of sensitive data of customers. Recommendation: The College should create and adopt the GLBA policy. Views of responsible officials: See attached

Corrective Action Plan

Finding 2023-003 - Significant Deficiency - Gramm-Leach Bliley Act (GLBA) - Student Information Security Condition Found The College did not implement the GLBA policy. Corrective Action Plan The College will create and adopt the GLBA policy under the leadership of the new Director of Financial Aid. The Director of Financial Aid will monitor new and updated regulations, such as the GLBA policy, to ensure future compliance. Responsible Person for Corrective Action Plan Alina Olson, Director of Financial Aid

Categories

Significant Deficiency

Other Findings in this Audit

  • 389778 2023-001
    Material Weakness Repeat
  • 389779 2023-002
    Material Weakness Repeat
  • 966220 2023-001
    Material Weakness Repeat
  • 966221 2023-002
    Material Weakness Repeat
  • 966222 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $462,199
84.268 Federal Direct Student Loans $450,833
84.007 Federal Supplemental Educational Opportunity Grants $33,072
21.027 Coronavirus State and Local Fiscal Recovery Funds $25,000
84.033 Federal Work-Study Program $24,065