Dyersburg State Community College (DSCC) audits financial aid programs as required by federal and state regulations.

DSCC receives a financial and compliance audit from the Comptroller of the Treasury, Division of State Audit [Ref 1]. The field exit conference for FY 2004-2005 and FY 2005-2006 was held on February 12, 2007. No findings were reported. As part of the review, the state has an agreement with the U.S. Department of Education to provide assurance that the institution’s financial aid programs are in compliance with federal and state regulation as prescribed by the U.S. Department of Education in accordance with OMB A-133.

External auditors from the Tennessee Student Assistance Corporation (TSAC) and the Tennessee Higher Education Commission (THEC) State Approving Agency recently conducted reviews of the financial aid programs at DSCC. TSAC [Ref 2] and the THEC State Approving Agency [Ref 3] reported no discrepancies in their reviews.

Recent federal audits have reported similar results. The most recent federal Department of Veterans’ Affairs compliance survey [Ref 4] noted no discrepancies in the reviewed sample. In March 2005, DSCC had a U. S. Department of Education program review which indicated only two findings. One of these was corrected during the review [Ref 5]. The other finding concerned statements of policy within the annual Campus Security Report and it, too, has been corrected [Ref 6].