Education Financial Management: Weak Internal Controls Led to Instances of Fraud & Other Improper Payments

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Our Price: $20.00

Year: 2002
Pages: 46
Binding Paperback

Product Code: 0756725275

Description

Linda M. Calbom. The Dept. of Educ. (DoE) has a history of financial mgmt. problems, including serious internal control weaknesses, which have affected DoE’s ability to provide reliable financial info. & to maintain the financial integrity of its operations. DoE’s student financial assistance programs is a high-risk area for waste, fraud, abuse, & mismanagement. An audit was done of selected disbursement processes at DoE that are particularly susceptible to waste, fraud, & abuse. This report assesses the adequacy of internal controls over: (1) grant & loan disbursements, (2) third party drafts, & (3) gov’t. purchase cards, & determines if any fraudulent or otherwise improper payments were made.

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