Higher Education

/Higher Education

Report to the Nations

Organizations face numerous risks to their success every day including regulatory risk, economic risk, disaster risk, supply-chain risk, and technology risk, just to name a few. Fraud risk is universally one of the risks faced [...]

New Cash Management Rules

At our recent Higher Education: Issues and Trends training day in February, we covered the newly revised cash management rules which were published by the Department of Education in the fall of 2015. Many of [...]

April 7th, 2016|Higher Education|

David Rice Named to Cisco Systems’ Small Midmarket Business Advisory Board

Information technology is an industry in which professionals strive to achieve high levels of success and must be committed to regularly developing their skills and knowledge in order to do so. Earning the respect of [...]

Best Practices for a Finance Committee

Recent economic volatility, reduced government funding, and increased competition in the higher education industry has placed greater emphasis on managing resources and strategic decision making. Colleges and Universities that have active, qualified finance committees will [...]

March 2nd, 2016|Higher Education|

New FASB Guidance on Accounting for Leases

On February 25, 2016, the Financial Accounting Standards Board (FASB) issued its new lease accounting guidance in Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU will require organizations that lease assets to [...]

Best Practices for an Audit Committee

Increased attention and scrutiny from the public, government agencies, and financial institutions have placed a greater emphasis on accountability, transparency, and risk management for colleges and universities and their foundations. One of the first steps [...]

February 18th, 2016|Higher Education, Tax|

How to Max Out Education-Related Tax Breaks

If there was a college student in your family last year, you may be eligible for some valuable tax breaks on your 2015 return. To max out your education-related breaks, you need to see which [...]

February 17th, 2016|Higher Education, Tax|

Deduct Home Office Expenses — If You’re Eligible

Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Eligibility Requirements If you’re an employee, your use [...]

Institute of Internal Auditors Research Foundation Touts the Benefits of Outsourced Internal Audit

The Institute of Internal Auditors (IIA) recently released a report which examines outsourcing of internal audit activity. Over 50% of North American companies participating in the survey use third parties to support their internal audit [...]

Higher Education Training Day Recap

Last Friday marked a day of dynamic discussions in the local higher education industry. College and university professionals in the finance and accounting, student financial aid, and internal audit departments attended the second annual Higher Education Training Day [...]

February 11th, 2016|Higher Education|