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Acethly, It is important that you have policies and procedures in place as you move forward into financial aid to insure compliance with documents, reporting and other areas of the school. Developing a plan to guarantee the proper collection of documentation and timely reporting will be critical to the overall success of the process for your school and students. There is some great information on the ifap website that will provide you with the requirements and numerous workshops you may attend to insure that you stay current on all of the requirements. Best wishes to you in this very exciting… >>>
Corinna, Your comments are not uncommon when discussing how to handle the annual audit and auditors. It is important that all of the requested materials are organized and presented in a manner that the auditors may easily review. If the auditors have questions you need to fully understand the question and be prepared to answer with supporting documentation. It has been my experience that it is critical to resolve any questions or findings before the auditors leave or take the report to final stage. If you have someone knowledgeable that can review the files as a second eyes that is… >>>
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