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3.10.3 |
The institution audits financial aid programs as required by federal and state regulations. |
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X |
Compliance |
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Conditional Compliance |
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Non-Compliance |
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RATIONALE FOR COMPLIANCE JUDGMENT |
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Financial aid activities are addressed in the bi-annual audit which is performed by the Division of State Audit (Department of Audit, Comptroller of the Treasury) (2004/2005) [1], (2003/2002) [2], (2000/2001) [3]. The annual audits test compliance with applicable federal and state laws as well as compliance with NSCC policy. Upon completion of each site visit, the auditor conducts an exit interview with the College’s administration to note any findings or weaknesses. The comptroller then sends a formal audit report to the President of NSCC. No audit finding has been made since 1988. The Office of Internal Audit [4] performs annual enrollment audits and financial aid reviews as necessary. |
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DOCUMENTATION |
SOURCE LOCATION |
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[1] Audit for Years Ending June 30, 2004 and June 30, 2005
[2] Audit for Years Ending June 30, 2002 and June 30, 2003
[3] Audit for Years Ending June 30, 2000 and June 30, 2001
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docs\NSCC_Audit_for_years_ending_2004_and_2005.pdf |
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[4] TBR Guideline B-050 Internal Auditing |
docs\TBR_Business_and_Finance_Guideline_B_050_Internal_Auditing.htm |