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Clearinghouse Annual Audit & Division of Responsibility Reports
Grant Thornton, LLP conducts an independent yearly audit of the Clearinghouse’s compliance with applicable Federal Student Financial Assistance programs, typically between June and October. The audit complies with requirements contained in federal regulation 668.23 and is conducted in accordance with the U.S. Department of Education’s audit guide, “Audits of Federal Student Financial Assistance Programs at Participating Institutions and Institution Servicers.” We update the Audit Summary and Division of Responsibility every year around November.
Division of Responsibility
In 2013, the Clearinghouse completed a successful Program Review performed by the Department of Education. From September 16, 2013 through September 18, 2013, Alan Toms, Eric Miles, and Jeremy Clark conducted a review of the Clearinghouse’s administration of the programs authorized pursuant to Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. §1070 et set. (Title IV, HEA programs). Participating Clearinghouse schools and/or their auditors who have questions about the audit should contact us.
|September 2013 Program Review|