SFA Audit Seminars – TJS Deemer Dana Certified Public Accountants

Shamrocks attended the SFA Audit Seminar series put on by TJS Deemer Dana a Certified Public Accountant firm.  The seminar was in Anaheim, Ca May 25th-27th.  Shamrocks attended the seminar to ensure we are up to date on what’s going on out there in the industry so we can be true consultants to our clients.  This is how we deliver on our team moto, “Service is our most important product.”  Here is what was covered:

  • Day 1:
    • Overview of Title IV & Other SFA Programs; Terminology; Abbreviations; etc.
    • Institutional Application, Funding and Reporting Process for Federal Funds (Cash Management).
    • Institutional Application, Funding and Reporting Process for Federal Funds (Financial Reporting).
    • Financial Aid and the Student (Student Eligibility and Needs Analysis).
  • Day 2:
    • Financial Aid and the Student (Disbursements).
    • Financial Aid and the Institution (Institutional Eligibility).
    • Industry Updates.
    • Audit Reporting (OMB Circular A-133 and Uniform Guidance).
    • Audit Reporting (the Department’s Audit Guide).
  • Day 3:
    • Financial Aid and the Student – Return of Title IV Funds (“R2T4”).
    • Fraud and the SFA Audit.
    • Student File Review.
    • Financial Responsibility and the Composite Score Standard.
    • 90 / 10 Revenue Test.

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