Federal Student Aid's oversight and monitoring of guaranty agencies, lenders, and servicers needs improvement : final audit report.

Format:

Book

Government document

Author/Creator:

United States. Department of Education. Office of Inspector General, author.

Contributor:

Lani Eko & Company, CPAs, issuing body.

Language:

English

Subjects (All):

United States. Department of Education. Federal Student Aid--Auditing.

United States.

United States. Department of Education. Federal Student Aid.

Student loans--United States--Auditing.

Student loans.

Loan servicing--United States--Auditing.

Loan servicing.

Auditing.

Student loans--Auditing.

Physical Description:

1 online resource (39, x, 2 unnumbered pages)

Place of Publication:

[Washington, D.C.] : Lani Eko & Company, CPAS, PLLC : [U.S. Department of Education, Office of Inspector General], 2009.

Contents:

Executive summery

Background

Audit results

Finding no.1. Improvement is needed in the control environment for oversight and monitoring of the guaranty agencies, lenders and services

Finding no.2. Improvement is needed in the FPE&O risk assessment process

Finding no.3. Control activities over guaranty agencies, lenders and servicers need improvement

Finding no.4. FSA lacked written procedures on sharing information related to policy guidance and program reviews

Finding no.5. FSA's implementation of corrective actions

Objective, scope, and methodology

Appendix A. Assessment of FSA's corrective actions taken to address OIG recommendations in the report entitled, Review of Financial Partners' Monitoring and Oversight of Guaranty Agencies, Lenders, and Servicers, issued September 26, 2006

Attachment. Department response to draft audit.

Notes:

"April 2009."

"ED-OIG/A20I0001."

Description based on online resource; title from PDF cover (U.S. Dept. of Education website, viewed July 28, 2022).

OCLC:

1337566493