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COMPREHENSIVE STANDARD CS R3:
The institution audits financial aid programs as required by federal
and state regulations.
| X |
Compliance |
| o |
Partial Compliance |
| o |
Non-Compliance |
Collin County Community College District (CCCCD) audits
financial aid programs as required by federal and state
regulations. The external auditor, as part of the audit
program for the Basic Financial Statements of the College,
provides a yearly financial audit (References
1, 2, 3). The task of ongoing internal financial reporting
and record maintenance for grants and financial aid programs
is assigned to one accountant in the Business Office who
is responsible for the implementation of financial policies
and procedures for grant and aid programs to ensure compliance
with funding agency guidelines. All grant programs and financial
aid programs are subject to periodic audits as directed
by the Department of Education or appropriate entity.
Supporting Documents:
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