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All required audits related to financial aid programs have been conducted at The University of Texas Medical Branch at Galveston (UTMB).
As a public institution, UTMB must comply with the Office of Management and Budget's (OMB) circular A-133, "Audits of States, Local Governments, and Nonprofit Organizations," which includes an audit of federal financial aid programs. Since UTMB is a State of Texas public institution, the audit of the student financial aid activity for compliance with A-133 is the responsibility of the Texas State Auditor’s Office (SAO). The SAO annually performs a Statewide Single Audit using a cluster approach. Since the Texas State Auditor uses a cluster approach, UTMB is not included in the audit scope annually and was last included in the Student Financial Aid Cluster in the 2008. This audit identified one area of non-compliance related to disbursements to or on behalf of students. This area of non-compliance has been addressed. |
