Accounting Insights
- October 16, 2019
- Not-for-Profit
All of the changes in The Data Collection Form Submitted To the Federal Audit Clearinghouse The Data Collection Form which is annually submitted to…
- October 15, 2019
- Not-for-Profit
Guidance on the unrelated business income tax for exempt organizations’ separate trades or businesses has been determined to be significant and must be reviewed…
- September 26, 2019
- Audit and Tax | Title IV
An overview of program reviews, what it means for your institution and you can prep should you be selected Few things create more anxiety…
- September 23, 2019
- Title IV
Are your policies & procedures in compliance with Title IV? In the ever-changing would of Title IV compliance, it’s hard to live with the,…
- September 19, 2019
- Title IV
Common Findings During Title IV Audits 1. Enrollment Reporting Is your school timely notifying the Department of Education (DOE) of changes in student status?…
- September 11, 2019
- Audit and Tax
To reduce reporting inconsistencies, the Governmental Accounting Standards Board (GASB) announced a new standard affecting governments and their reporting standards. In the past few…
- July 29, 2019
- Not-for-Profit | Title IV
In the IFAP – Electronic Announcement #122 dated June 28, 2019, the Department of Education announced early implementation of the Rescission of the Gainful…
- June 17, 2019
- Audit and Tax
Common Findings During Title IV Audits Our team compiled some common findings we’ve come across during our Title IV audits. Here are some things…
- June 13, 2019
- Title IV
It’s been a few years since the U.S. Department of Education issued authoritative guidance related to activities subject to the incentive compensation ban for…
- June 3, 2019
- Accounting | Audit and Tax
What Are Some Actions Farmers Can Take Now as a Result of Imposed Tariffs? Since 1895, the National Oceanic and Atmospheric Administration has tracked…
- May 14, 2019
- Audit and Tax | Title IV
How the Department of Education’s clarification on proration of charges for Title IV funds can impact your for-profit institution In the IFAP – Electronic…
- April 22, 2019
- Audit and Tax | Title IV
An examination of the White House goal to better align education to the needs of today’s workforce Earlier this year, the Trump Administration released…
- April 16, 2019
- Not-for-Profit
As many not-for-profit organizations plan for a successful 2019, it’s important to stay abreast of changing regulations and trends in the industry. The following…
- February 12, 2019
- Audit and Tax | Title IV
The importance of a composite score Introduced as an amendment to the Higher Education Act of 1965, a composite score is a tool used…
- January 17, 2019
- Manufacturing
Leasing is an important source of financing used by manufacturing companies to acquire critical pieces of equipment or facility expansions, while avoiding a large…
- October 15, 2018
- Not-for-Profit
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Made. The…
- August 6, 2018
- Audit and Tax | Not-for-Profit
Proposed Standard Addresses Diversity in Accounting Practice that Exists Between the Application of the Definition of Collections On June 26, 2018, the Financial Accounting…
- July 17, 2018
- Accounting | Audit and Tax | Not-for-Profit
The IRS is adding new areas of focus for employment tax examinations and tax-exempt organizations are being closely considered. The IRS Tax Exempt and…
- July 2, 2018
- Accounting | Audit and Tax
As Independence Day approaches, we often think of the founding of our nation, and all those who sacrificed and paved the way for us…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
