Higher Education Services Corporation

Quality of Internal Control Certification

The Higher Education Services Corporation administers grant and scholarship programs for students attending colleges in New York State. State agencies and public authorities must annually certify their compliance with important provisions of internal control. We examined the adequacy of the Corporationís certification of compliance for the year ended March 31, 2008 and found that the certification was complete and thorough. We also determined that the Corporation has a structured, ongoing, well-documented internal control review process. However, we found that the Corporation needed to take certain actions to ensure the independence of its internal audit function.

For a complete copy of Report 2008-S-96 click here.
For a copy of the 90-day response click here.