Student Aid: Recurring Material Internal Control Deficiencies
||First Year Reported
|Federal Family Education Loans (Guaranty Agencies)
||Condition 1: EDFUND has yet to address all of the high-risk and moderately high-risk findings identified in its risk assessment and to fully implement the entity-wide security program plan. Condition 2: In past years we also found weaknesses in EDFUND’S electronic access controls designed to restrict access to data files.
|Condition 1: Partially corrected. Corrective action plan in place for the 2008-002 finding. Condition 2: EDFUND currently has an Enterprise Security Program in place to address previous high-risk and moderately high-risk findings.