ERIC Number: ED460715
Record Type: Non-Journal
Publication Date: 1999-Jun-14
Reference Count: N/A
Taylor Business Institute, Report.
The Office of the State Comptroller in New York audited the records and procedures used in administering the Tuition Assistance Program (TAP) at Taylor Business Institute (Taylor) for the academic years 1995-96 through 1997-98. Taylor, located in Manhattan, offers both degree programs and diploma programs in Accounting, Business Management, Executive Administrative Assistant Studies, and Travel & Tour Operations, which are approved by the State Education Department for TAP eligibility. TAP is the largest of the student grant and scholarship programs administered by HESC. It is an entitlement program designed to provide tuition aid to eligible full-time students who are enrolled in a variety of programs. The Office determined that Taylor was overpaid $30,316 because school officials incorrectly certified eight students as being eligible for TAP awards. The accuracy of the Taylor's TAP certifications was tested for the three years ended June 30, 1998 using a statistical sample of 200 randomly selected awards from the 4,960 awards the school certified. From the statistical sample, five awards were disallowed, totaling $4,679. A statistical projection of these audit disallowances to the entire population using a 95% single-sided confidence level, resulted in an audit disallowance of $27,408. Three other awards, totaling $2,908, were also disallowed based on the review of other awards from outside the sample period . Therefore, the Office of the State Comptroller in New York recommends that HESC recover a total of $30,316, plus applicable interest, from Taylor. (AS)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: New York State Office of the Comptroller, Albany. Div. of Management Audit.