Finding Text
Criteria: The Institution must verify that the student with Verification code V4 or V5 has a high school
completion status and has signed an Identity of education purpose statement.
Condition: For one of the five student files tested that required verification of high school completion and a
signed Identity of education statement of the total 49 students tested who received financial aid during FY23,
the verification process was not documented.
Cause: Weak internal control processes over required verification for students.
Effect: For students with verification codes V4 or V5, the University failed to maintain the student’s signed
Identity of educational purpose statement.
Questioned costs: $7,947
Perspective information: See table below: Identification of repeat findings: Not a repeat finding.
Recommendation: The University should work with the Financial Aid Director to determine the root cause
of why students were not verified properly and develop corrective action as soon as possible to avoid any
further issues.
Views of responsible officials: See Client’s Corrective Action Plan.