ERIC Number: ED459640
Record Type: Non-Journal
Publication Date: 1997-Jul
Reference Count: N/A
Compliance Audits (Attestation Engagements) of Federal Student Financial Assistance Programs at Participating Institutions and Institution Servicers. Audit Guide. Update.
Office of Inspector General (ED), Washington, DC.
In June 1995, the U.S. Department of Education issued an audit guide that required that all institutions participating in Title IV programs have an annual compliance audit. This guide contains a notice to institutions and third party servicers that, to the extent that an institution contracts with a server to administer any aspect of Title IV programs, the applicable compliance requirements also apply to the server. This document also contains an update to the 1995 Audit Guide that provides guidance to the independent public accountants engaged to audit functions performed by institutions servers, identifies additional compliance requirements, clarifies some existing requirements, and includes information on changes that result from regulations effective as of July 1, 1997. Some portions of the guide update are pages to be inserted into the original; other sections contain pen-and-ink changes to be inserted. (SLD)
Descriptors: Audits (Verification), Colleges, Compliance (Legal), Educational Finance, Federal Aid, Higher Education, Program Evaluation, Student Financial Aid
For full text: http://home.gvi.net/~edoig/.
Publication Type: Legal/Legislative/Regulatory Materials
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Office of Inspector General (ED), Washington, DC.
Identifiers - Laws, Policies, & Programs: Higher Education Act Title IV