eZ-Audit: Electronic Submission of Financial Statements and Compliance Audits

Forms and Documents

Document Name	Status
eZ-Audit Form and Instruction	Modified
eZ-Audit Form and Instruction	New
eZ-Audit Form and Instruction	New
FRN_30D_1845-0072.pdf Supplementary Document	2013-06-13
60D_FRN_1845-0072.pdf Supplementary Document	2013-03-22
public_manual.pdf Supplementary Document	2013-03-05
proprietary_manual.pdf Supplementary Document	2013-03-08
nonprofit_manual.pdf Supplementary Document	2013-03-08
eZAudit_home_page[1].docx Supplementary Document	2013-03-05
public_manual.pdf Supplementary Document	2013-03-05
eZ-Audit 2013 Supporting Statement A.docx Supporting Statement A	2013-03-15

IC Document Collections

IC ID	Document Title	Status
22336	eZ-Audit Form and Instruction	Modified
207341	eZ-Audit Form and Instruction	New
207340	eZ-Audit Form and Instruction	New

ICR Details

OMB Control No: 1845-0072	ICR Reference No: 201306-1845-003
Status: Historical Active	Previous ICR Reference No: 201007-1845-007
Agency/Subagency: ED/FSA	Agency Tracking No: 1438.14
Title: eZ-Audit: Electronic Submission of Financial Statements and Compliance Audits
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/24/2013
	Date Received in OIRA: 06/13/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2016	36 Months From Approved	09/30/2013
Responses	6,100	0	5,900
Time Burden (Hours)	2,342	0	2,500
Cost Burden (Dollars)	0	0	0

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Abstract: eZ-Audit is a web-based process designed to facilitate the submission of compliance and financial statement audits, expedite the review of those audits by the Department, and provide more timely and useful information to public, non-profit and proprietary institutions regarding the Department's review. eZ-Audit establishes a uniform process under which all institutions submit directly to the Department any audit required under the Title IV, HEA program regulations. eZ-Audit continues to have minimal number of financial template line items and general information questions.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 17646	03/22/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 35612	06/13/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
eZ-Audit	N/A	NoN-Profit
eZ-Audit	N/A	For Profit
eZ-Audit	N/A	Public

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	6,100	5,900	0	0	200	0
Annual Time Burden (Hours)	2,342	2,500	0	0	-158	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There are no program changes to this collection. There are minor adjustments to the burden as a result of corrections to the estimates for the institution types. The total number of respondents is 6100 instead of 5900 which is a difference of 200. Also the total burden hours is 2342 instead of 2500 which is a difference of -158.

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Annual Cost to Federal Government: $2,500,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/13/2013

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