Global has nearly 30 years of experience helping institutions with annual audits, single audits and program reviews. Our team of audit professionals can help your staff resolve key areas of concern, implement proactive strategies and maintain compliance.
Repeat audit findings can be a major concern for institutions managing Title IV programs. Failure to address these issues effectively not only jeopardizes compliance but can lead to increased oversight, penalties or even loss of federal funding eligibility. Through Global’s Audit+ Professional Service offering, we specialize in providing expert solutions derived from nearly 30 years of experience to help institutions mitigate repeat findings and maintain compliance with Department of Education requirements.
How Global Can Help
Our professional services are designed to address key areas of concern and implement proactive strategies, including:
1. Developing and Implementing Effective Corrective Action Plans (CAPs). Many institutions struggle with ineffective CAPs that fail to address the root cause of compliance issues. Our team works closely with your institution to develop and implement comprehensive CAPs with clear timelines, responsibilities and measurable outcomes.
2. Enhancing Internal Controls. Weak internal controls are a leading cause of repeat findings. We provide customized assessments and solutions to strengthen internal compliance measures, ensuring adherence to Federal Student Aid guidelines and minimizing risks.
3. Staff Training and Development. Ongoing education is critical for compliance. We offer tailored training sessions on Title IV regulations, institutional policies and best practices to ensure that your team remains up-to-date and well-equipped to handle compliance responsibilities effectively.
4. Quality Assurance and Compliance Reviews. Proactive quality assurance checks help identify potential compliance issues before they escalate. Our experts conduct regular reviews of your processes and procedures, providing insights and recommendations to enhance compliance and operational efficiency.
Why Choose our Audit+ Professional Services?
With nearly three decades of experience supporting institutions across the country through annual audits, single audits and program reviews, our team of audit professionals offers extensive expertise in federal regulations, risk management and strategic planning. By leveraging our Audit+ Professional Services, you benefit from industry-leading best practices, customized solutions and continuous support to maintain compliance and drive long-term institutional success.
For information, contact Sherri Savasta, Director of Consulting, at @ssavasta@globalfas.com, 228.523.1072 or https://globalfas.com/contact-us/.