SACS Principles of Accreditation
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Section V: COC Resources

3.10.3 The institution audits financial aid programs as required by federal and state regulations.



JUDGMENT OF COMPLIANCE

Compliance.

NARRATIVE/JUSTIFICATION FOR JUDGMENT OF COMPLIANCE

The University audits financial aid programs as required by federal and state regulations.

The University is subject to financial aid audits from the Texas State Auditors Office, The Texas A&M University System Internal Audit, and the U.S. Department of Education.

The University meets all audit and reporting requirements for Title IV administration in accordance with the Program Participation Agreement signed with the U.S. Department of Education. The University submits the required Fiscal Operations Report and Application to Participate (FISAP) to the U.S. Department of Education in order to comply with federal regulations and audits. The University also submits the required Financial Aid Database (FAD) Report to the Texas Higher Education Coordinating Board, in order to meet state regulations and audits. State and System audits conducted in 1997 and 1998 show conformity with the administration of programs under Title IV. (Texas A&M University System Internal Audit Report and Texas State Auditor's Report) Audits are conducted periodically as a result of questionable practices or tardy reporting. This is not the case at Texas A&M International University.





SUPPORT DOCUMENTATION


SOURCE

LOCATION/Special Instructions

Texas State Auditors Office http://www.sao.state.tx.us/
The Texas A&M University System Internal Audit http://sago.tamu.edu/iaudit/

U.S. Department of Education

http://www.ed.gov/index.jhtml

Program Participation Agreement SACS Documentation Room
(Killam Library Room 334-C)
Fiscal Operations Report and Application to Participate SACS Documentation Room
(Killam Library Room 334-C)
Financial Aid Database Report (FAD) SACS Documentation Room
(Killam Library Room 334-C)

Texas A&M University System Internal Audit Report

SACS Documentation Room
(Killam Library Room 334-C)

Texas State Auditor's Report SACS Documentation Room
(Killam Library Room 334-C)


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