Audit of University of Arkansas, Fayetteville program finds records missing
FAYETTEVILLE -- Missing documentation over five years of a federally funded program at the University of Arkansas, Fayetteville led auditors to conclude that a potential $1,571,984 liability exists.
The University of Arkansas System audit team examined UA's Student Support Services grant program, which is funded by the U.S. Department of Education. The program aims to help low-income and first-generation college students.
Auditors said the potential liability resulted from a lack of documentation that should have existed for students in the program.
"In effect, the University did not have verifiable records to support all of the 325 students reported annually to the [U.S. Department of Education] as participants for each of the five grant years (GY) under audit," the audit report states.
Read more: https://www.nwaonline.com/news/2020/sep/27/audit-of-ua-program-finds-records-missing/
(Northwest Arkansas Democrat-Gazette--Fayetteville)