Finding Text
2022-003 Direct Program ? U.S. Department of Education Federal Financial Assistance Listing # 84.063, 84.007, 84.268, 84.033 Student Financial Assistance Cluster Special Tests and Provisions: Return of Title IV Funds Material Weakness in Internal Control over Compliance Criteria: There should be a process in place to have an independent review of all Title IV calculations to ensure there are no errors in the calculation. Condition: There was no independent review over the return of Title IV calculations. Cause: Due to the changeover in software in the current year, the College did not have an internal control process in place to provide for an independent review over the return of Title IV calculations. Effect: Return of Title IV calculations may contain errors that are not corrected due to no independent review over the calculations. Questioned Costs: None noted. Context/Sampling: A non-statistical sample of 60 students were tested out of a total of 392 students that return of Title IV calculations performed during the year. Repeat Finding from Prior Year: Yes. See finding 2021-003 in prior year. Recommendation: Management should ensure that there is an independent review process in place over return of Title IV calculations. Views of Responsible Officials: Management agrees with the finding.