{"id":9891,"date":"2023-07-20T20:25:26","date_gmt":"2023-07-21T00:25:26","guid":{"rendered":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/?post_type=ht_kb&#038;p=9891"},"modified":"2025-04-01T10:47:16","modified_gmt":"2025-04-01T14:47:16","slug":"annual-audit-report-and-program-review","status":"publish","type":"ht_kb","link":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/knowledge-base\/annual-audit-report-and-program-review\/","title":{"rendered":"Annual Audit Report &#038; Program Review"},"content":{"rendered":"<h2>Clearinghouse Annual Audit &amp; Division of Responsibility Reports<\/h2>\n<p>Grant Thornton, LLP conducts an independent yearly audit of the Clearinghouse\u2019s 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\u2019s audit guide, \u201cAudits of Federal Student Financial Assistance Programs at Participating Institutions and Institution Servicers.\u201d We update the Audit Summary and Division of Responsibility every year around November.<\/p>\n<table style=\"table-layout: fixed; width: 400px; border-collapse: separate !important; padding: 0; margin: 0 0 30px 0;\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<th style=\"text-align: center; background-color: #6cb844; border-top-left-radius: 15px; border-top-right-radius: 15px; padding: 0; margin: 0;\" height=\"32\"><strong><span style=\"font-size: 16px; color: #ffffff;\">Annual Reports<\/span><\/strong><\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: center; background-color: #beee9f; border-bottom-left-radius: 15px; border-bottom-right-radius: 15px; padding: 0; margin: 0; border-left: 4px solid #6cb844; border-right: 4px solid #6cb844; border-bottom: 4px solid #6cb844;\" height=\"64\"><span style=\"font-size: 15px; line-height: 32px;\"><a style=\"color: blue;\" href=\"https:\/\/theclearinghouse.download\/auditsummary\" target=\"_blank\" rel=\"noopener\">Audit Summary<\/a><\/span><br \/>\n<span style=\"font-size: 15px; line-height: 32px;\"><a style=\"color: blue;\" href=\"https:\/\/theclearinghouse.download\/divofresponsibility\" rel=\"noopener\">Division of Responsibility<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Program Review<\/h2>\n<p>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&#8217;s administration of the programs authorized pursuant to Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. \u00a71070 et set. (Title IV, HEA programs). Participating Clearinghouse schools and\/or their auditors who have questions about the audit should contact us.<\/p>\n<table style=\"table-layout: fixed; width: 400px; border-collapse: separate !important; padding: 0; margin: 0 0 30px 0;\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<th style=\"text-align: center; background-color: #6cb844; border-top-left-radius: 15px; border-top-right-radius: 15px; padding: 0; margin: 0;\" height=\"32\"><strong><span style=\"font-size: 16px; color: #ffffff;\">Program Review<\/span><\/strong><\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: center; background-color: #beee9f; border-bottom-left-radius: 15px; border-bottom-right-radius: 15px; padding: 0; margin: 0; border-left: 4px solid #6cb844; border-right: 4px solid #6cb844; border-bottom: 4px solid #6cb844;\" height=\"64\"><span style=\"font-size: 15px; line-height: 32px;\"><a style=\"color: blue;\" href=\"https:\/\/theclearinghouse.download\/programreview\" target=\"_blank\" rel=\"noopener\">September 2013 Program Review<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Clearinghouse Annual Audit &amp; Division of Responsibility Reports Grant Thornton, LLP conducts an independent yearly audit of the Clearinghouse\u2019s 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&#8230;.<\/p>\n","protected":false},"author":6,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[25],"ht-kb-tag":[],"class_list":["post-9891","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-audit-support"],"_links":{"self":[{"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/ht-kb\/9891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/comments?post=9891"}],"version-history":[{"count":7,"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/ht-kb\/9891\/revisions"}],"predecessor-version":[{"id":11288,"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/ht-kb\/9891\/revisions\/11288"}],"wp:attachment":[{"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/media?parent=9891"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/ht-kb-category?post=9891"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/help.studentclearinghouse.org\/compliancecentral\/wp-json\/wp\/v2\/ht-kb-tag?post=9891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}