Finding 41741 (2022-008)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-11-13
Audit: 38581
Organization: Urshan College (MO)

AI Summary

  • Core Issue: The College failed to provide a timely Schedule of Federal Expenditures due to inadequate controls.
  • Impacted Requirements: This violates CFR 200.510(b) of the Uniform Guidance, which mandates accurate and timely reporting of federal awards.
  • Recommended Follow-Up: Implement stronger controls and a review process to ensure compliance with reporting requirements.

Finding Text

2022-008 Inadequate Schedule of Federal Expenditures Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster Assistance Listing No. 84.063, 84.268 Federal Award Identification Number and Year: P063P218567-2022, P268K228567-2022 Award Periods: July 1, 2021 through June 30, 2022 Type of Finding: ? Significant Deficiency in Internal Control Over Compliance Criteria or specific requirement: CFR ?200.510(b) of the Uniform Guidance requires the auditee to prepare a SEFA for the period covered by the auditee?s financial statements which must include the total federal awards expended as determined in accordance with ?200.502 of the Uniform Guidance, ?Basis for Determining Federal Awards Expended. Condition: Though the College provided a Schedule of Federal Expenditures, the College did not have the controls in place to provide a Schedule of Federal Expenditures timely. Questioned Costs: None Context: The College did not have the controls in place to provide a Schedule of Federal Expenditures in a timely manner. Cause: The College did not have the appropriate resources and staffing in place to verify they were in compliance with all requirements. Effect: An incorrect Schedule of Federal Expenditures can delay an audit beyond the reporting deadline and cause unnecessary audit costs. Also, the delay could cause the College not to be in compliance with the DCF submission. Repeat findings: 2021-011 Recommendation: We recommend the College design controls to ensure an adequate review process is in place to ensure compliance with reporting requirements. Views of Responsible Officials: There is no disagreement with the audit finding.

Categories

Reporting Significant Deficiency

Other Findings in this Audit

  • 41730 2022-003
    Material Weakness Repeat
  • 41731 2022-005
    Significant Deficiency Repeat
  • 41732 2022-006
    Significant Deficiency Repeat
  • 41733 2022-007
    Significant Deficiency Repeat
  • 41734 2022-008
    Significant Deficiency Repeat
  • 41735 2022-009
    Significant Deficiency
  • 41736 2022-003
    Material Weakness Repeat
  • 41737 2022-004
    Significant Deficiency
  • 41738 2022-005
    Significant Deficiency Repeat
  • 41739 2022-006
    Significant Deficiency Repeat
  • 41740 2022-007
    Significant Deficiency Repeat
  • 618172 2022-003
    Material Weakness Repeat
  • 618173 2022-005
    Significant Deficiency Repeat
  • 618174 2022-006
    Significant Deficiency Repeat
  • 618175 2022-007
    Significant Deficiency Repeat
  • 618176 2022-008
    Significant Deficiency Repeat
  • 618177 2022-009
    Significant Deficiency
  • 618178 2022-003
    Material Weakness Repeat
  • 618179 2022-004
    Significant Deficiency
  • 618180 2022-005
    Significant Deficiency Repeat
  • 618181 2022-006
    Significant Deficiency Repeat
  • 618182 2022-007
    Significant Deficiency Repeat
  • 618183 2022-008
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.26M
84.063 Federal Pell Grant Program $859,647