Finding 524411 (2024-001)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-02-25
Audit: 343677
Organization: Boricua College, Inc. (NY)

AI Summary

  • Answer: The Organization acknowledges the audit finding.
  • Trend: They are committed to improving their processes to meet the required criteria.
  • List: Follow up on the implementation of their corrective action plan.

Finding Text

Responsible Official’s Response and Corrective Action Planned: The Organization agrees with the finding and will continue to work on the plan that addresses the required criteria.

Corrective Action Plan

The prior year finding noted non-compliance with the Gramm-Leach Bliley Act. As a result, a consultant was hired in February 2024 to address 17 items required under the act. This plan was approved the US Department of Education with specific timelines and actions. The below gives an update on each required element. Due to issues with the main server, the risk assessment and monitoring software implementation was delayed.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 524412 2024-001
    Significant Deficiency Repeat
  • 524413 2024-001
    Significant Deficiency Repeat
  • 524414 2024-001
    Significant Deficiency Repeat
  • 1100853 2024-001
    Significant Deficiency Repeat
  • 1100854 2024-001
    Significant Deficiency Repeat
  • 1100855 2024-001
    Significant Deficiency Repeat
  • 1100856 2024-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $2.31M
84.268 Federal Direct Student Loans $1.93M
84.031 Higher Education Institutional Aid $140,400
84.007 Federal Supplemental Educational Opportunity Grants $137,349
84.033 Federal Work-Study Program $84,897