Amendment to Proprietary School and Servicer 2016 Audit Guide
On October 30, 2019, the U.S. Department of Education Office of Inspector General issued Dear CPA Letter CPA-19-01. This letter amends the September 2016 Audit Guide, Guide for Audits of Proprietary Schools and For Compliance Attestation Engagements of Third-Party Servicers Administering Title IV Programs (Audit Guide), by adding Section C.8.12 to Chapter 3 to determine whether Institutions of Higher Education have complied with the Federal Trade Commission’s regulations for implementing the Gramm–Leach–Bliley Act in regards to ensuring the security and confidentiality of customer information. The procedures described in the letter are mandatory for all proprietary school audits and third-party servicer compliance attestation engagements of fiscal years ending on or after December 31, 2019, that are conducted using the September 2016 Audit Guide. The letter is available on the OIG Non-Federal Audit website.
Contact Information
Questions pertaining to this letter may be directed to the Office of Inspector General’s Non- Federal Audit Team via email to OIGNon-FederalAudit@ed.gov.