R765-611-11. Records, Retention and Cooperation in Programs Reviews

(1) Each eligible institution shall: (a) cooperate with OCHE in providing records and information requested for any scheduled audits or program reviews; and (b) maintain records substantiating its compliance with all terms of the institutional participation agreement for three years after the end of the award year, or until completion of a program review and any exceptions raised in the review have been resolved, whichever occurs first. (2) If at the end of the three-year retention period, an audit or program review exception is pending resolution, the institution shall keep records for the award year involved until the institution has resolved the exception.