SFA Audit Seminars 2019

Student Financial Aid Audit Seminars 2019
A Three-day Seminar on Audits of Federal Student Financial Aid Programs at Colleges and Universities

SFA Audit Seminars 2019


TJS Deemer Dana LLP, in partnership with J. Stephen Collins, Ph.D., C.P.A., Associate Professor of Accounting, University of Massachusetts at Lowell (and former Director of Financial Aid at Boston College) and Robert M. Turner, D.B.A., Assistant Dean for Recruitment, Associate Professor of Accounting at Babson College, Boston, Massachusetts, offers a comprehensive seminar for CPAs, internal auditors, state auditors, and anyone else with responsibilities for federal student aid at post secondary institutions.

This comprehensive group-live, multi-day seminar provides an overview of the current regulations for student financial aid programs, the numerous forms and regulations used to administer these programs, and the proper management of the programs by institutional personnel. It also includes information on the more technical requirements and aspects of the audit. Our seminar is Yellow-book qualified.

In 2019, our Seminars will be held in the following cities: Tempe, AZ; Savannah, GA; and Orlando (Walt Disney World®), FL

Who Should Attend: CPAs, internal auditors, state auditors, and other practitioners responsible for the audit of federal student aid programs at postsecondary institutions. College business officers and other administrators may also benefit from this program.

Prerequisites: There are no prerequisites for this seminar.

Advance Preparation: Each registered participant will receive an email with a link and log in to the 2019  SFA Audit Seminars Sharefile site. You will need to download all the information prior to attending. You can download for printing or download onto your laptop or other electronic devices to bring with you.

Program Outline: (attend one, two, or three days) – (Delivery Method: Group- Live) Presentations will utilize the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”); OMB Circular A-133 Compliance Supplement (June 2016 or later); sample reports and documents; and other available materials; the 2016 edition of the U.S. Department of Education’s Guide for Audits of Proprietary Schools and For Compliance Attestation Engagements of Third-Party Servicers Administering Title IV Programs; the 2002 edition of the NACUBO SFA Audit Program (updated 2006 or later); and other information will be available to all participants on the SFA Audit Seminar Sharefile site. 

SFA Day One (Basic - 8 CPE credits) - Designed to provide the participant with a comprehensive review of the current regulations for student financial aid programs, the numerous forms and procedures used to administer these programs, and the proper management of the programs by institutional personnel. Topics will include: 
  • Overview of Title IV and other Student Financial Assistance Programs including: Perkins Loan, Work Study, FSEOG, Pell Grant, ISAG Grant, Direct Loans, Teach Grant.
  • Institutional responsibilities for cash management and reporting.
  • Introduction to the student aid delivery process (Part I): student application, student eligibility, needs analysis, etc.
  • Specific audit steps related to the above topics. 
SFA Day Two (Intermediate - 8 CPE credits) - Presumes a thorough understanding of the information offered on Day One and focuses on additional detailed technical requirements and procedures of the audit. Day Two can also serve as a one-day update for an experienced practitioner who is already familiar with the SFA programs. Topics will include:
  • Introduction to the student aid delivery process (Part II): Disbursements.
  • Institutional eligibility issues: program participation agreement, financial responsibility, administrative capability, etc.
  • Student Financial Assistance programs update and review: what’s new in 2018-2019, changes in the audit environment, changes in the rules and regulations, available audit guidance, etc. 
  • Audit reporting: Uniform Guidance (formerly A-133) and Ed Audit Guide.
  • Specific audit steps related to the above topics.
SFA Day Three (Intermediate - 8 CPE credits) - Presumes a thorough understanding of the information offered on Day One and Day Two and focuses on additional detailed technical requirements and procedures of the audit. Topics will include:
  • Return of Title IV funds
  • Student File Review
  • Fraud and the compliance audit engagement
  • Overview of the 2016 edition of the U.S. Department of Education’s Guide for Audits of Proprietary Schools and For Compliance Attestation Engagements of Third-Party Servicers Administering Title IV Programs including changes to the 90-10 revenue test,
  • Specific audit steps related to the above topics
Learning Objectives: 
  • Become familiar with the Title IV Student Financial Assistance programs, including the Federal Pell Grant program, the Federal Direct Loan program and the campus based programs, including the Federal Supplemental Education Opportunity Grant program, the Federal Work Study program, and the Federal Perkins Loan program.
  • Gain an understanding of the cash management and reporting processes.
  • Learn the basics of Institutional eligibility, student eligibility, needs analysis, packaging, awarding and disbursing Title IV program funds and the Return to Title IV ("R2T4") process. 
  • Become familiar with recent changes to the laws and regulations governing the Title IV programs. 
  • Gain an understanding of basic audit procedures and how to identify, evaluate,report, and explain audit findings. 
  • Become familiar with the student file review process.
  • Gain an understanding of the new requirements under the 2016 edition of the U.S. Department of Education’s Guide for Audits of Proprietary Schools and For Compliance Attestation Engagements of Third-Party Servicers Administering Title IV Programs 
 

Contact Information

® 2019 SFA Audit Seminars
118 Park of Commerce Drive, Suite 200, Savannah, GA 31405 • (912) 238-1001

© 2019
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