Leading professional services firm to perform key audit for Chicago-area school
NAPERVILLE, Ill. — Sept. 1, 2015 — Concordia University Chicago has selected Sikich LLP to audit the university’s financial statements and provide tax consulting guidance and review services.
The engagement will be led by Sikich’s Frank Jakosz, who has more than 40 years of experience in public accounting and leads Sikich’s not-for-profit and higher education practices. In addition to the audit of the financial statements, Sikich will perform a Student Financial Assistance Audit and provide ongoing guidance to ensure Concordia-Chicago remains aware of all Financial Accounting Standards Board (FASB) regulations for not-for-profit organizations.
“As a university, it is imperative we comply with the federal rules governing our finances,” said Tom Hallett, chief financial officer of Concordia University Chicago. “Sikich’s long and proven history of work with colleges and universities and deep knowledge of the financial rules and regulations in the higher education industry will help us optimize our financial practices and ensure continuous compliance.”
Sikich audits more colleges and universities in Illinois than any other CPA firm, according to the 2014 Federal Audit Clearinghouse. Additionally, the firm serves more than 500 not-for-profit clients and has decades of experience in the not-for-profit field working with higher education institutions, trade associations, social service organizations and other not-for-profit entities. Sikich’s audit, accounting and tax practice offers a full range of services to clients across industries such as government, manufacturing, construction, real estate and agriculture.
Founded in 1864, Concordia University Chicago is a member of the nationwide Concordia University System and is affiliated with The Lutheran Church-Missouri Synod. Located in River Forest, Ill., it has a total enrollment of nearly 5,000 students.
“Concordia University Chicago is a well-established and respected member of a large university system,” Jakosz said. “We are proud to work with them, and we look forward to drawing on our extensive experience in the higher education industry to help Concordia ensure best financial practices.”
About Sikich LLP
Sikich LLP, a leading professional services firm specializing in accounting, technology, investment banking and advisory services, has more than 650 employees throughout the country. Founded in 1982, Sikich now ranks as one of the country’s Top 35 Certified Public Accounting firms and is among the top 1 percent of all enterprise resource planning solution partners in the world. From corporations and non-profits to state and local governments, Sikich clients can use a broad spectrum of services and products that help them reach long-term, strategic goals.
Advisory services offered through Sikich Financial, a Registered Investment Advisor.
Securities are offered through Sikich Corporate Finance LLC, a registered broker-dealer with the Securities Exchange Commission and a member of FINRA/SIPC.
About Concordia University Chicago
Concordia University Chicago is a liberal arts-based Christian university affiliated with The Lutheran Church—Missouri Synod. Through its College of Arts and Sciences, College of Business, College of Education, and College of Graduate and Innovative Programs, Concordia-Chicago offers more than 100 areas of study. This includes many programs that are offered online and others in accelerated learning formats. Small classes are taught by professors who are passionate about teaching and student success. All undergraduate and graduate degrees are fully accredited by the Higher Learning Commission. Concordia University Chicago has been recognized as a College of Distinction since 2010, and in 2014 was named to the U.S. President’s Higher Education Community Service Honor Roll for the sixth time. Combined undergraduate and graduate enrollment is approximately 5,000 students. Concordia University Chicago is located in River Forest, 10 miles west of downtown Chicago. Learn more at CUChicago.edu.