Finding Text
2022-002: U.S. Department of Education Student Financial Assistance Cluster: Federal Direct Student Loans, Assistance Listing 84.268 Federal Pell Grant, Assistance Listing 84.063 Federal Work Study Program, Assistance Listing 84.033 Federal Supplemental Education Opportunity Grants, Assistance Listing 84.007 Teacher Education Assistance For College and Higher Education Grants, Assistance Listing 84.379 P268K220568, P063P210568, P033A212492, P007A212492, P379T220568 Special Test and Provisions ? Return of Title IV Funds Material Weakness in Internal Control over Compliance Criteria: Documentation pertaining to the independent review of return of Title IV calculations should be retained to ensure there is evidence of an independent review over the return of Title IV calculations. Condition: During the testing over return of Title IV calculations, we were unable to see evidence of an independent review over the return of Title IV calculations. Cause: During the year the University was working through the transfer of their operations to another University, relocating their Office for Student Financial Services, as well as staff turnover due to the transfer of operations and evidence of the independent review was not retained. Effect: There was no evidence of an independent review over the return of Title IV calculations. Questioned Costs: None Context/Sampling: Nonstatistical sampling was used. Sample size of 4 was selected out of a total of 10 return of Title IV calculations. Repeat Finding From Prior Year: No Recommendation: We recommend that the University retain evidence of an independent review over return of Title IV funds. Views of Responsible Officials: Management agrees with the finding; however, management disagrees with classifying the issue as a material weakness versus a significant deficiency. Per the financial reports received for FY2022 Student Financial Aid from the Department of Education all funds were properly accounted for per their records.