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This resource is being maintained for historical purposes only and is not currently applicable.

Summary: eZ-Audit: Electronic Submission of Financial Statements and Compliance Audits.

 

Page Numbers: 38316-38317

Summary: eZ-Audit: Electronic Submission of Financial Statements and Compliance Audits.

Posted on 06-27-2003


DEPARTMENT OF EDUCATION


Notice of Proposed Information Collection Requests

AGENCY: Department of Education.
SUMMARY: The Acting Leader, Regulatory Information Management Group,
Office of the Chief Information Officer, invites comments on the
proposed information collection requests as required by the Paperwork
Reduction Act of 1995.

DATES: Interested persons are invited to submit comments on or before
August 26, 2003.

SUPPLEMENTARY
INFORMATION: Section 3506 of the Paperwork Reduction Act
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management
and Budget (OMB) provide interested Federal agencies and the public an
early opportunity to comment on information collection requests. OMB
may amend or waive the requirement for public consultation to the
extent that public participation in the approval process would defeat
the purpose of the information collection, violate State or Federal
law, or substantially interfere with any agency's ability to perform
its statutory obligations. The Acting Leader, Regulatory Information
Management Group, Office of the Chief Information Officer, publishes
that notice containing proposed information collection requests prior
to submission of these requests to OMB. Each proposed information
collection, grouped by office, contains the following: (1) Type of
review requested, e.g. new, revision, extension, existing or
reinstatement; (2) Title; (3) Summary of the collection; (4)
Description of the need for, and proposed use of, the information; (5)
Respondents and frequency of collection; and (6) Reporting and/or
Recordkeeping burden. OMB invites public comment.
    The Department of Education is especially interested in public
comment addressing the following issues: (1) Is this collection
necessary to the proper functions of the Department; (2) will this
information be processed and used in a timely manner; (3) is the
estimate of burden accurate
; (4) how might the Department enhance the
quality, utility, and clarity of the information to be collected; and
(5) how might the

[[Page 38317]]

Department minimize the burden of this collection on the respondents,
including through the use of information technology.

    Dated: June 23, 2003.
Joseph Schubart,
Acting Leader, Regulatory Information Management Group, Office of the
Chief Information Officer.

Office of Student Financial Aid

    Type of Review: New.
    Title: eZ-Audit: Electronic Submission of Financial Statements and
Compliance Audits.
    Frequency: Annually, and as otherwise required under the Title IV,
Higher Education Act (HEA) program regulations.
    Affected Public: Not-for-profit, proprietary, and public
postsecondary institutions.
    Reporting and Recordkeeping Hour Burden: Responses: 5,900; Burden
Hours: 4,251.
    Abstract: eZ-Audit is a web-based process designed to facilitate
the submission of compliance and financial statement audits, expedite
the review of those audits by the Department, and provide more timely
and useful information to institutions regarding the Department's
review. EZ-Audit establishes a uniform process under which
all
institutions submit directly to the Department any audit required under
the Title IV, HEA program regulations.
    Requests for copies of the proposed information collection request
may be accessed from
http://edicsweb.ed.gov, by selecting the ``Browse
Pending Collections'' link and by clicking on link number 2217. When
you access the information collection, click on ``Download Attachments
`` to view. Written requests for information should be addressed to
Vivian Reese, Department of Education, 400 Maryland Avenue, SW., Room
4050, Regional Office Building 3, Washington, DC 20202-4651 or to the
e-mail address
vivian_reese@ed.gov. Requests may also be
electronically mailed to the Internet address
OCIO_RIMG@ed.gov or
faxed to 202-708-9346. Please specify the complete title of the
information collection when making your request.
    Comments regarding burden and/or the collection activity
requirements should be directed to Joseph Schubart at his e-mail
address
Joe.Schubart@ed.gov. Individuals who use a telecommunications
device for the deaf (TDD) may call the Federal Information Relay
Service (FIRS) at 1-800-877-8339.

[FR Doc. 03-16272 Filed 6-26-03; 8:45 am]

BILLING CODE 4000-01-P

Last Modified: 06/26/2003