Professional Documents
Culture Documents
Last
First
Middle
School
School-coded 1 to 6
Term
Need*
Coded 1 to 3
1-Fall semester
2-Spring semester
3-Summer semester
Financial need-coded 1 to 5
1-100% of allowable grant
2-75%
3-50%
4-25%
5-0%
Status*
Credits taken-coded 1 to 4:
Amount
$3,125/3*50%*75% = $390.63
*Hint: To convert the NEED codes to the proper decimal value, use the expression
[1-.25(NEED 1)]. The same conversion can be used for STATUS codes.
1. Develop an audit program to identify potential fraud using ACL
2. Use ACL to perform the steps in your audit program
3. Provide the following documentation as well:
a. Your audit program referenced to the ACL printouts supporting each audit
step.
b. A report on your findings including additional steps you would take to
determine if fraud actually occurred.
c. Appropriate ACL printouts properly indexed with comments written on the
printouts to explain the printout and its implications. Do not print the entire
grant file. Extract only the items of significance.