Comprehensive Standard 3.10.3
The institution audits financial aid programs as required by federal and state regulations. (Financial aid audits)
aCompliance ___Partial Compliance ___Non-Compliance
Narrative:
The Department of Examiners of Public Accounts of the State of Alabama issues opinions on the financial aid programs as part of the annual audit of Lawson State Community College. (Annual Audits)
The audit is conducted in accordance with governmental auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. The financial statement audit assesses compliance with applicable federal laws and regulations and review of internal controls used in administering federal financial assistance programs.
A copy of the audited financial report is filed with the State of Alabama, Department of Postsecondary Education, and to appropriate federal agencies by the State of Alabama Department of Examiners of Public Accounts.
Documentation:
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Documentation |
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2003-2004 Audited Financial
Statements |
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2004-2005 Audited Financial
Statements |
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2005-2006 Audited Financial
Statements |
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2006-2007 Audited Financial
Statements |
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2007-2008 Audited Financial
Statements |
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Government Auditing Standards |