Finding Text
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid Assistance Listing Number: 84.063 ? Federal Pell Grant Program 84.268 ? Federal Direct Loans 84.007 ? Federal Supplemental Educational Opportunity Grants 84.033 ? Federal Work Study Program Award Period: June 1, 2021 to May 31, 2022 Type of Finding: ? Significant Deficiency in Internal Control Over Compliance Criteria or Specific Requirement: Per the Uniform Guidance 2 CFR 200.303, non-Federal entities receiving Federal awards are required to establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations and program compliance requirements. Condition: During our review of internal controls, we noted no documentation of review of the monthly reconciliations for Direct Loans, Pell, and SEOG. Questioned Costs: None Context: During our testing it was noted that necessary review and approval to maintain internal controls were not being done. Cause: Per the Uniform Guidance 2 CFR 200.303, non-Federal entities receiving Federal awards are required to establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations and program compliance requirements. Effect: It is possible for errors to occur and not be caught in a timely manner. Repeat Finding: Yes Auditors? Recommendation: We recommend that the University document completion of approval and reviews. Views of Responsible Officials: No Disagreement