FAC Explorer

Finding 411727 (2022-008)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 312103
Organization: Ohio Institute of Allied Health, Inc. (IL)
Auditor: Manning & Associates CPA LLC

AI Summary

  • Issue: There was a failure to properly manage post-withdrawal disbursements for Direct Loans, impacting compliance with Title IV regulations.
  • Trend: This oversight has been noted in previous audits, indicating a recurring problem that needs addressing.
  • Follow-up: Implement training for staff on Title IV requirements and establish a review process for post-withdrawal disbursements.

Finding Text

2022-08 Return to Title IV - Post withdrawal disbursement - Direct Loan

Corrective Action Plan

Finding 2022-08 Return to Titel IV - Post withdrawal disbursement- Direct Loans - see corrective action plan submitted with the audit report.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 411723 2022-001
    Material Weakness
  • 411724 2022-002
    Material Weakness
  • 411725 2022-004
    Material Weakness
  • 411726 2022-005
    Material Weakness
  • 411728 2022-003
    Material Weakness
  • 411729 2022-007
    Material Weakness
  • 411730 2022-005
    Material Weakness
  • 411731 2022-007
    Material Weakness
  • 411732 2022-009
    Material Weakness
  • 988165 2022-001
    Material Weakness
  • 988166 2022-002
    Material Weakness
  • 988167 2022-004
    Material Weakness
  • 988168 2022-005
    Material Weakness
  • 988169 2022-008
    Material Weakness
  • 988170 2022-003
    Material Weakness
  • 988171 2022-007
    Material Weakness
  • 988172 2022-005
    Material Weakness
  • 988173 2022-007
    Material Weakness
  • 988174 2022-009
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $908,660
84.063 Federal Pell Grant Program $323,512
84.425 Education Stabilization Fund $224,906