Finding 524812 (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.

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
    -
  • 524811 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