FAC Explorer

Finding 59302 (2022-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 51939
Organization: Hannibal-Lagrange University (MO)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University is not fully compliant with the Gramm-Leach-Bliley Act (GLBA) requirements.
  • Impacted Requirements: Insufficient documentation of security risk assessments and safeguards as per 16 CFR 314.3 and 314.4.
  • Recommended Follow-Up: Allocate necessary resources to meet all GLBA compliance requirements.

Finding Text

Gramm-Leach-Bliley Act (GLBA) Compliance Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033 and 84.038-Student Financial Assistance Cluster Federal Award Identification #: 2021-2022 Financial Aid Year Condition: The University did not sufficiently comply with all the requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $-0- Context: The University has not fully documented its security risk assessment and safeguards. Cause: The University experienced turnover of the IT personnel responsible over GLBA compliance as well as the impact on IT operations by COVID-19. Effect: The University has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Subrecipient Monitoring Significant Deficiency

Other Findings in this Audit

  • 59299 2022-002
    Significant Deficiency
  • 59300 2022-002
    Significant Deficiency
  • 59301 2022-002
    Significant Deficiency
  • 59303 2022-002
    Significant Deficiency
  • 635741 2022-002
    Significant Deficiency
  • 635742 2022-002
    Significant Deficiency
  • 635743 2022-002
    Significant Deficiency
  • 635744 2022-002
    Significant Deficiency
  • 635745 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.81M
84.425 Covid-19 Education Stabilization Fund Heerf-Student Aid Portion $988,950
84.063 Federal Pell Grant Program $986,530
84.038 Federal Perkins Loan Program $188,132
84.007 Federal Supplemental Educational Opportunity Grants $48,291
84.033 Federal Work-Study Program $43,068