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Ask a question from your peers to help you in your professional work. Seek different points of view on a topic that interests you. Start a thought-provoking conversation about a hot, current topic. Encourage your peers to join you in the discussion, and feel free to facilitate the discussion. As a community of educators, all members of the Career Ed Lounge are empowered to act as a discussion facilitator to help us all learn from each other.

I was wondering if....

anyone out there had a great internal audit mechanism that works for their school. One that would edit all areas of school operation? Admissions, academics, financial aid, and placement???

Follow-up

Response and Follow-up is a huge part of the methodology for internal auditing, as the corrective action plan should address specific items that must be done as well as formulate a plan to ensure the processes will be modified to prevent future violations. Do you have any suggestions for positive/negative reinforcements to ensure adherence to the corrective action plan?

Audits

Do you think it is better to audit all departments at the same time or audit a different department each quarter?

Compliance and size of career school

Do you think that small schools - less than 250 students - should be subject to the same burden of regulatory requirements as larger schools? Schools with larger / multiple campuses typically have corporate compliance staff therby creating a competitive advantage against a smaller school which does not have the resouces for such a staff.

Corrective Action Plans

Describe what should be included in a corrective action plan submitted by a campus or department in response to audit findings. Include specific topics/items that you would want to see for each finding.

Compliance in Business Areas

Selecting one of the business areas covered – marketing, human resources, or information security, describe how critical the business function is to creating a compliant culture in an organization.

Preparing for an Audit

If you were on the receiving end of an audit, what would you do to prepare for a known audit or be proactive in preparing for any potential review? Pick a specific functional area of focus if desired.

Effect of Media

How has the media influenced the regulatory environment in the education industry?