Audit and Program Review

A basic requirement for continuing participation in the Title IV programs is an annual independent audit of the institution’s operations. Audit requirements run throughout the regulations, and are a major tool for the Department of Education’s oversight activities.

Related terms: Recordkeeping; Cash Management; Financial Responsibility of Institutions

Administrative Capability AskRegs Knowledgebase Q&As (National Association of Student Financial Aid Administrators) Web URL

Cash Management Self-Study Guide (National Association of Student Financial Aid Administrators) Web URL

Institutional Eligibility AskRegs Knowledgebase Q&As (National Association of Student Financial Aid Administrators) Web URL