Section V: COC Resources
3.10.3 The institution audits financial aid programs as required by federal and state regulations.
JUDGMENT OF COMPLIANCE
NARRATIVE/JUSTIFICATION FOR JUDGMENT OF COMPLIANCE
The University audits financial aid programs as required by
federal and state regulations.
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
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
audits. The University also submits the required Financial
Aid Database (FAD) Report to the Texas Higher Education
Coordinating Board, in order to
regulations and audits. State and System audits conducted in 1997 and
1998 show conformity with the administration of programs under Title
(Texas A&M University System Internal
Audit Report and Texas State
Auditor's Report) Audits are conducted
as a result of questionable practices or tardy
reporting. This is not the case at Texas A&M International University.