Finding Text
Finding Type. Immaterial Noncompliance / Significant Deficiency in Internal Control over Compliance (Reporting). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.007, 84.033, 84.063, 84.268; Award Numbers P007A232008, P033A232008, P063P231633, and P268K241633. Criteria. The College is required to submit an annual FISAP, free of errors, to the Department of Federal Student Aid to receive funds for campus-based programs. Condition. During our review of the Fiscal Operations Report and Application to Participate (FISAP), we noted there were errors in the amounts reported. Cause. This condition was caused by a lack of detailed review of the FISAP by a second individual prior to submitting. Effect. As a result, the College's FISAP was prepared incorrectly and had to be resubmitted to the Department of Federal Student Aid. Questioned Costs. No costs were required to be questioned as a result of this finding, inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the College implement a secondary review process over the preparation and reporting of the FISAP to ensure proper and accurate reporting. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.