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Section V: Resources
SACS Comprehensive Standard
V-3. The institution audits
all funds for financial aid programs in compliance with all federal and
state requirements.
JUDGMENT OF COMPLIANCE
Yes, East Tennessee State University is able to provide
a portfolio of evidence supporting compliance.
STATEMENT OF RATIONALE FOR JUDGMENT OF COMPLIANCE
The Department of Internal Audit at East Tennessee State
University regularly performs audits on all aspects of financial aid to
determine compliance with federal and state requirements and with university
policies and procedures. All internal audits are performed in accordance
with the Standards for the Professional Practice of Internal Auditing.
All audits result in a written report (ETSU List of Audits Issued)documenting
the audit objectives, scope, prior reports (noting observations, findings,
recommendations, responses, and current status), current observations,
findings, recommendations, management's responses, and other relevant
comments. During the past five fiscal years, at least 14 internal audits
have addressed some aspect or area of financial aid (ETSU Internal
Audit Reports). Four of these audits specifically reviewed the
activities and administration of the ETSU Office of Financial Aid.
In addition, financial aid activities are a component of
the annual audit performed by the Division of State Audit (Department
of Audit, Comptroller of the Treasury) as part of the organization-wide
audit of the State of Tennessee and conducted in accordance with the Single
Audit Act. These annual audits (Tennessee State Audit Reports)
include tests of compliance with applicable federal laws and regulations
and review of internal controls used in administering federal financial
assistance programs.
Fiscal Year
|
Name of
Audit & Audit Period
|
Issue Date
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2000-2001
|
Enrollment, Fall Semester 2000
|
January 24, 2001
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1999-2000
|
College of Medicine Financial Aid, July
1, 1998-June 30, 1999
|
October 11, 1999
|
1999-2000
|
Follow-Up, Financial Aid, July 1, 1999-February
7, 2000
|
March 6, 2000
|
1998-1999
|
Academic Performance Scholarships, Academic
Year 1997-1998
|
July 6, 1998
|
1998-1999
|
Financial Aid, Academic Year 1997-1998
|
March 10, 1999
|
1997-1998
|
Enrollment, Fall Semester 1997
|
March 25, 1998
|
1997-1998
|
Academic & Financial Aid Eligibility of
Student-Athletes, Academic Year 1996-1997
|
April 29, 1998
|
1996-1997
|
Follow Up to Tuition and Fees, Fall 1995
|
December 17, 1996
|
1996-1997
|
Academic & Financial Aid Eligibility of
Student-Athletes, Academic Year 1995-1996
|
February 10, 1997
|
1996-1997
|
Enrollment, Fall Semester 1996
|
May 27, 1997
|
1995-1996
|
Academic & Financial Aid Eligibility of
Student-Athletes, Academic Year 1994-1995
|
February 23, 1996
|
1995-1996
|
Enrollment, Fall Semester 1995
|
March 29, 1996
|
1995-1996
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Tuition and Fees, Fall 1995
|
June 3, 1996
|
1995-1996
|
Financial Aid Administration, Academic
Year 1995-1996
|
June 17, 1996
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DOCUMENTATION
SOURCE
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LOCATION
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Standards for the Professional Practice of
Internal Auditing
|
Department of Internal Audit, 916 W. Maple St.
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ETSU List of Audits Issued, 1995-present
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Department of Internal Audit, 916 W. Maple St.
|
ETSU Internal Audit Reports
|
Department of Internal Audit, 916 W. Maple St.
|
Tennessee State Audit Report for ETSU
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