Submitting OIG:
Report Description:
The independent auditors opined that the consolidated financial statements present fairly, in all material respects, the financial position of the Federal Student Aid as of September 30, 2019 and 2018, and its net costs, changes in net position, and budgetary resources for the years then ended in accordance with U.S. generally accepted accounting principles. The report identified material weaknesses in controls over the reliability of information used in modeling activities and significant deficiencies regarding information technology controls and monitoring of service organizations.
Date Issued:
Friday, November 15, 2019
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
A17T0002
Component, if applicable:
Federal Student Aid
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
14
Report updated under NDAA 5274:
No
View Document:
Attachment | Size |
---|---|
FY20FSA-Annual-Report-FY2019030724v100SECURED.pdf | 6.69 MB |
Additional Details Link: