WEBER TEAM APPLAUDED FOR SUCCESSFULLY COMPLETING TWENTY -THREE YEARS WITHOUT TITLE IV COMPLIANCE AUDIT FINDINGS !!
The Weber & Associates senior management team has just praised the company’s successful completion of its HEA Title IV compliance for the 2017 year without findings! With the many new functions we have all faced during the last few years, it is indeed extraordinary that our auditors reviewed a sampling of twenty of our client’s interactions with Weber, reviewed the Weber services, and found everything they reviewed to be in compliance.
President Harry Weber stated, “We are very pleased with the way that our team has performed, and their years of experience are evident.”
During the audit, the auditors reviewed every aspect of the services provided, identified a detailed list of the responsibilities of the institution, the responsibilities of the service, and where the two worked together. One of the main functions of the audit, was to assure the U.S. Department of Education that the third-party service is following all regulations and performing the duties the service reports that it performs.
The auditors reviewed every aspect from IT services, verification, monthly fiscal reconciliations, bank reconciliations, awarding of funds, communication between the institution’s financial aid records and those on file at the service. They also reviewed the services reporting functions with COD, G-5, Enrollment Reporting and NSLDS.
Please join us in celebrating this great achievement! We are so excited about the hard work and excellence displayed by our team of experts here at Weber and Associates!