Financial Aid - The Florida West Coast Chapter of the IIA 金融援助协会的佛罗里达州西海岸的一章.docVIP

Audit Step Description W/P Ref By Hrs SCOPE AND OBJECTIVES SCOPE: The scope will include a review of financial aid transactions during the fiscal year ending 6/30/01. It will also include reviews of current procedures and operations, of departmental records (as appropriate), of internal controls, and of compliance with rules, regulations, and University policies and procedures. The audit period will encompass July 1, 2000 through June 30, 2001. OBJECTIVES: To determine whether controls over the financial aid process are sufficient to maintain data integrity, security, and confidentiality over data within the OASIS system; To determine whether controls are sufficient to maximize financial aid awarded to students, while adhering to applicable policies, procedures and agency requirements; To report on noted areas where controls over financial aid procedures are not sufficient to ensure compliance with laws, regulations, and University policies; To determine whether controls are sufficient to ensure that data reported to applicable entities is accurate and timely; and To report on any noted areas where operational efficiency and effectiveness could be improved. PLANNING AND REVIEW OF INTERNAL CONTROLS AND PRIOR AUDITS ADMINISTRATION PLANNING (ADM PRE): Prepare the Statement of Independence. Conduct and document the preliminary planning meeting and prepare the staff assignment form. Send the Audit Notification Letter and the Preliminary Information Request to the Department Head/Director/Dean/Vice President. Hold an entrance conference with the Department Head and prepare the Initial Review form (include superiors as required). Complete the Entrance Conference Memo form. Send an engagement letter to the Department Head/Director/Dean/Vice President. Review Statutes, Rules, and Procedures that relate to the area to be audited. Indicate any legal restrictions on operations, collection of funds etc. Establish any additional audit objectives,