FAC Explorer

Finding 988172 (2022-005)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 312103
Organization: Ohio Institute of Allied Health, Inc. (IL)
Auditor: Manning & Associates CPA LLC

AI Summary

  • Issue: The Title IV refund was processed late, which may violate federal regulations.
  • Trend: Late refunds have been noted in previous audits, indicating a recurring problem.
  • Follow-up: Review the refund process and implement timely tracking to ensure compliance moving forward.

Finding Text

2022-05 Return to Title IV - refund made late

Categories

Student Financial Aid

Other Findings in this Audit

  • 411723 2022-001
    Material Weakness
  • 411724 2022-002
    Material Weakness
  • 411725 2022-004
    Material Weakness
  • 411726 2022-005
    Material Weakness
  • 411727 2022-008
    Material Weakness
  • 411728 2022-003
    Material Weakness
  • 411729 2022-007
    Material Weakness
  • 411730 2022-005
    Material Weakness
  • 411731 2022-007
    Material Weakness
  • 411732 2022-009
    Material Weakness
  • 988165 2022-001
    Material Weakness
  • 988166 2022-002
    Material Weakness
  • 988167 2022-004
    Material Weakness
  • 988168 2022-005
    Material Weakness
  • 988169 2022-008
    Material Weakness
  • 988170 2022-003
    Material Weakness
  • 988171 2022-007
    Material Weakness
  • 988173 2022-007
    Material Weakness
  • 988174 2022-009
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $908,660
84.063 Federal Pell Grant Program $323,512
84.425 Education Stabilization Fund $224,906