FAC Explorer

Finding 524811 (2024-003)

- Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-02-27
Audit: 344190
Organization: Corban University (OR)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University inaccurately reported student income records on the FISAP for the 2022-2023 award year.
  • Impacted Requirements: This finding violates 34 CFR 668.24(e) regarding accurate reporting of eligible aid applicants.
  • Recommended Follow-Up: Ensure proper documentation retention and have an independent review of the FISAP before submission.

Finding Text

FISAP Reporting DEPARTMENT OF EDUCATION ALN #: 84.007, 84.033 Federal Award Identification #: FISAP for Award Year 2022-2023 Condition: The University did not accurately report student income records on the FISAP report. Criteria: 34 CFR 668.24(e) Questioned Costs: $0 Context: The University did not properly report Information on Eligible Aid Applicants Enrolled in 2022-2023 on the FISAP for Award Year 2022-2023. Cause: Lack of record retention and transition in key roles in the financial aid office during 2022-2023 and 2023-2024 award years. Effect: Inaccurate reporting on the FISAP for Award Year 2022-2023. Identification as repeat finding, if applicable: See 2023-003 Recommendation: We recommend the University work to ensure that documentation supporting reported FISAP totals is retained. Additionally, we recommend that prior to submission, the FISAP be reviewed by a knowledgeable individual independent of the individual who prepares the FISAP. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

FISAP Reporting Planned Corrective Action: Independent of the individual who prepares the FISAP, Corban will assign another team member to review the completed FISAP for quality assurance (QA). We have retained all FISAP related records for the current year and are in the process of better organizing our FISAP files. Financial Aid professionals have also been added to internal meetings where decisions on programs, academic calendars, and other significant timing decisions are made to better enhance our ability to comply. Person Responsible for Corrective Action Plan: Jordan Lindsey, Vice President for Enrollment Management and Marketing Anticipated Date of Completion: 2/1/25

Categories

Student Financial Aid Reporting

Other Findings in this Audit

  • 524808 2024-001
    Significant Deficiency Repeat
  • 524809 2024-001
    Significant Deficiency Repeat
  • 524810 2024-002
    -
  • 524812 2024-003
    - Repeat
  • 1101250 2024-001
    Significant Deficiency Repeat
  • 1101251 2024-001
    Significant Deficiency Repeat
  • 1101252 2024-002
    -
  • 1101253 2024-003
    - Repeat
  • 1101254 2024-003
    - Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.34M
84.063 Federal Pell Grant Program $1.29M
84.033 Federal Work-Study Program $68,141
84.007 Federal Supplemental Educational Opportunity Grants $51,909
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $28,290