Our audit identified a matter that is considered reportable under Government Auditing Standards and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The University requested and received federal student financial aid funds that exceeded the immediate need of students, and held a balance of these excess funds in violation of federal requirements.
Details about this item are provided in the Finding, Recommendation, and Views of Responsible Officials of the Auditee section of the transmittal.
North Carolina Agricultural and Technical State University – Statewide Federal Compliance Audit Procedures
Categorization and Details