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

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Foreign School Updates:
Gateway Questions: User will select applicable answer and be directed to
appropriate submission processes:

For-Profit (Proprietary)

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Foreign Private and Foreign Public

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If user selects $0 (No Funding):“You are required to submit No Title IV Financial Statements (home
country) for FYE mm/dd/yyyy and Compliance Audit Report is not required”

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If user selects the funding level <500,000 ($1 to $499,999.99), and if their previous (most recent)
submission submitted was a completed New Institution submission: “You are required to submit
the home country financial statements for fiscal years included within the initial provisional period,
i.e., prior to your first re-certification, for any volume level and an Alternative or Standard
Engagement Compliance Audit Report for FYE mm/dd/yyyy”

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If the user selects $1-$499,999.99, and if their previous (most recent) submission was NOT a New
Institution submission: “You are Not required to submit a financial statement, however, required
to submit an Alternative or Standard Engagement Compliance Audit Report for FYE mm/dd/yyyy”

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If the user selects the funding level 500K<3M (2.999,999): “You are required to submit the home
country financial statement and a Standard Engagement Compliance Audit Report”

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If the user selects the funding level 500K<3M (2.999,999) to the gateway question: “You are
required to submit the home country financial statement and a Standard Engagement Compliance
Audit Report”

If the user select the funding level 3M to<10M to the gateway question:
Financial Statements:
• “Has your institution provided a US GAAP/GAGAS audited financial statements for either of the
preceding two Fiscal year ends?”
• If the user selects No: “You are required to submit financial statements (US
GAAP/GAGAS and home country) and a Standard Engagement Compliance Audit
Report”
• If the user selects Yes: “You are required to submit only the home country financial
statements and a Standard Engagement Compliance Audit Report.

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“Are you still submitting US GAAP/GAGAS financial statement for this current FYE?”
Yes/ No (radio buttons)
 If the user selects No: “You are required to submit only the home country financial
statement and a Standard Engagement Compliance Audit Report”
 If the user selects Yes: “You are required to submit financial statements (US
GAAP/GAGAS and home country) and a Standard Engagement Compliance Audit
Report.”
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If user selects the funding level >10M to the gateway question: “You are required to submit the
home country financial statement, US GAAP/GAGAS and a Standard Engagement Compliance
Audit Report”