Education Financial Management Weak Internal Controls Led to Instances of Fraud and Other Improper Payments

The Dept. of Educ. (DoE) has a history of financial mgmt. problems, including serious internal control weaknesses, which have affected DoE's ability to provide reliable financial info. & to maintain the financial integrity of its operations. DoE's student financial assistance programs is a high-risk area for waste, fraud, abuse, & mismanagement. An audit was done of selected disbursement processes at DoE that are particularly susceptible to waste, fraud, & abuse. This report assesses the adequacy of internal controls over: (1) grant & loan disbursements, (2) third party drafts, & (3) gov't. purchase cards, & determines if any fraudulent or otherwise improper payments were made.Calbom, Linda M. is the author of 'Education Financial Management Weak Internal Controls Led to Instances of Fraud and Other Improper Payments' with ISBN 9780756725273 and ISBN 0756725275.