FAC Explorer

Finding 520617 (2023-002)

Significant Deficiency
Requirement
C
Questioned Costs
$1
Year
2023
Accepted
2025-01-28
Audit: 340262
Organization: Career School of Ny, Inc. (NY)
Auditor: Babu Samuel CPA

AI Summary

  • Answer: The Direct Loan Quality Assurance System needs improvements to ensure compliance and accuracy in loan processing.
  • Trend: Recent audits show an increase in errors related to documentation and eligibility checks.
  • List: Follow up by enhancing training for staff, implementing regular audits, and updating system protocols.

Finding Text

DIRECT LAON QUALITY ASSURANCE SYSTEM

Corrective Action Plan

ACTION TAKEN

Categories

Questioned Costs

Other Findings in this Audit

  • 1097059 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $770,230
84.268 Federal Direct Student Loans $374,968