Finding 46804 (2022-001)

Paris Junior College Schedule of Findings and Questioned Costs (continued.) Year Ended August 31, 2022 C. Findings and Questioned Costs for Federal Award U.S. Department of Education Program Name: COVID-19 Higher Education Emergency Relief Fund CFDA #: 84.425E, 84.425F, and 84.425M Significant Deficiency Finding 2022-01 ? Federal Reporting Compliance and Internal Control over Compliance Reporting Condition: During the course of our audit, we noted that the College failed to timely submit one quarterly report and report accurate amount of student emergency awards disbursed as required by the Department of Education. Criteria: Internal control and reporting procedures affect the College?s ability to report accurate disbursements and submit reports in a timely manner. Management must establish and maintain effective internal controls to provide reasonable assurance that accurate reports are submitted timely. Cause: As a result of this condition, quarterly reports were not accurately reporting student emergency awards disbursed and were not reviewed to ensure accuracy and timely reporting. Effect: As a result of this condition, the College failed to submit a report in a timely manner and report accurate amount of student emergency awards disbursed to ensure compliance. Recommendation: We recommend the College implement additional controls and procedures to ensure reports are accurate and submitted in a timely manner to ensure compliance requirements are met. Views of Responsible Official and Planned Corrective Actions: Paris Junior College management will ensure that a comprehensive procedure is established and implemented to ensure accurate and timely reporting.