Finding Text
Federal Agency: U.S. Department of Education
Federal Program Title: Student Financial Aid
Assistance Listing Number: Student Financial Aid Cluster
Award Period: July 1, 2023 to June 30, 2024
Type of Finding:
Significant Deficiency in Internal Control Over Compliance
Other Matters
Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 668.51 through 668.61, requires an Institution to code a student's verification status in the Common Origination Disbursement (COD) system for Pell grant recipients.
Condition: During our testing, we noted 2 of the 8 students selected for verification testing had not been reported to COD during the fiscal year.
Questioned Costs: None
Context: During our testing, we noted 2 of the 8 students selected for verification testing had not been reported to COD during the fiscal year.
Cause: The College did not have a process in place to ensure students verification status was being reported to the Common Origination Disbursement (COD) system.
Effect: Verification status was not reported to the Common Origination Disbursement (COD) system.
Repeat Finding: No.
Auditor’s Recommendation: We recommend that a process is put in place to ensure that all students selected for verification are being reported to the Common Origination Disbursement (COD) system.
Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.