The results of our audit disclosed deficiencies in internal control and/or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards or OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. These items included the following: the University's undergraduate Satisfactory Academic Progress (SAP) policy did not meet the minimum elements required by Federal regulations; the University did not have a system in place to ensure that the amount of Federal Direct Loans to students reported to the Department of Education agrees to actual loan disbursements in the accounting records; the University did not timely approve all of the required Effort Certifications necessary to ensure that all salaries and wages charged to federal grants were for services rendered under those grants.