The Gramm-Leach-Bliley Act (GLBA) has been around for years, but only had a real impact on colleges and universities for the last 3 to 4 years. Like any cybersecurity program, data security laws have a need to evolve and adapt to changing threats.
Everyone must adapt now that the future of higher ed has arrived ahead of schedule. Here’s how to prepare for the big changes coming.
On January 20, 2022, the U.S. Department of Education (the Department) announced $198 million in American Rescue Plan funds that will primarily support community colleges and other institutions to meet the basic needs of students – especially those exacerbated by the COVID-19 pandemic. The Supplemental Support under American Rescue Plan (SSARP) program will require institutions to submit applications to receive funding.
In an article published in the Summer 2016 edition of our newsletter titled “Be Aware of Changes in Lease Accounting,” we introduced readers to upcoming changes in lease accounting under Generally Accepted Accounting Principles (GAAP). The effective date for the new lease accounting standard – known as FASB Accounting Standards Codification (ASC) 842, Leases – is rapidly approaching.
While current examples of Environmental, Social, and Governance (ESG) programs are on the larger scale, even small and medium businesses can make impactful sustainability goals aligned and reported on through ESG metrics. A focus on sustainability and transparency with these metrics are a growing trend.
Companies view the importance of social, climate and other non-financial factors as crucial for long-term viability and success. A survey by the World Economic Forum found 86 percent of executives agreed that reporting on a set of universal ESG disclosures is important and would be useful for financial markets and the economy.
On May 11, 2021, the Department of Education released more information regarding HEERF III, including allocation tables with apportionment for student and institutional funds and frequently asked questions. This article summarizes the new guidance, and provides you with resources for more information.
The world of cybersecurity is constantly changing. As soon as you feel content with your controls and processes, a new threat arises or new requirements are published. This article summarizes the FSA's recent letter concerning Controlled Unclassified Information (CUI) and the related cybersecurity requirement.
The third round of significant COVID-19 stimulus funding was signed into law on March 11, 2021. The American Rescue Plan Act of 2021 (ARP) includes various items, including aid for vaccinations and testing, state and local governments, schools, rental assistance, agriculture, and the airline industry. This article focuses on the higher education components.
In this webinar recording, Lance Mann, Assurance Director, covers significant new requirements that will impact higher education Single Audits performed under Uniform Grant Guidance.
