We reviewed controls related to instructor compensation, instructor selection, overhead allocation, and accounts receivable. Our review identified several opportunities for improvement related to use of excess and supplemental pay, allocation of salaries, academic appointments, accuracy and consistency of overhead allocations, and accounts receivable adjustments. In addition, we recommended changes in the monitoring of financial results, clearing of suspense accounts, and system access rights.
Report Date:
Monday, November 10, 2014
Report Year:
2010