ED Launches eZ-Audit
January 30, 2003
Institutions that receive federal student aid funds will be able to submit their financial and compliance audits to the Department of Education (ED) electronically this year. The new web-based application enabling this process, eZ Audit, will be operational in April. In addition to the submission of audits, eZ-Audit will allow colleges and universities to track the status of their audit reports through the review process. The paperless process will replace the 13,000 paper audit reports—more than 1 million pages—currently handled by ED.
To participate, institutions need to appoint an eZ-Audit institution administrator, who will manage access to eZ-Audit. Once the administrator has registered the institution with ED, he or she can set up data entry users, including the institution’s auditor if desired. The designated person will then enter certain summary audit and financial data into a Web form and attach an electronic copy of the financial statement and compliance audit in PDF format.
Instructions for registering and appointing a responsible administrator were provided in an electronic announcement from ED dated January 21. An eZ-Audit Q&A has also been posted on the Information for Financial Aid Professionals Web site.
The submission to ED will not replace requirements under Office of Management and Budget Circular A-133 to submit audits to the Federal Audit Clearinghouse.
Questions may be directed to firstname.lastname@example.org. The NACUBO contact is Michele Madia, senior policy analyst. She can be reached at 202.861.2554
- NACUBO Responds to FASB's NFP Proposal
- Results Are In: The 2014 NACUBO Tuition Discounting Study
- NLRB Dismisses Union Bid from Northwestern Football Players
- WEBCAST: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
Wednesday, September 9, 2015 12:00PM ET
- ON-DEMAND: Developing Your Campus Distance Learning Strategy
- ON-DEMAND: A Just-in-Time Webcast to Explain FASB’s NFP Reporting Proposal
- ON-DEMAND: Decoding ED's Cash Management Proposal
- ON-DEMAND: Corporate Sponsorships: Getting it Right
- ON-DEMAND: Analytics that Support Planning, Budgeting, and Results
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis