Webinar: Financial Responsibility Changes for Higher Education Institutions
March 10 @ 11:00 AM - 12:00 PM
The U.S. Department of Education’s borrower defense regulations revised financial responsibility requirements and established reporting requirements for legal settlements against higher education institutions. The new regulations also made amendments to the composite score calculations to adjust for accounting standard changes along with new reporting requirements within an institutions Single Audit report. This webinar addresses significant new requirements that will impact higher education Single Audits performed under Uniform Grant Guidance.
Webinar host Lance Mann, Assurance Director at Dean Dorton, will provide an overview of the new requirements, examples of disclosures that support supplemental schedule requirements, an auditor’s perspective on the upcoming changes, and more.
Who should attend:
Chief Financial Officers
Chief Business Officers
College and Central Business Managers
What you'll learn:
Brief history on issues of financial responsibility
New financial responsibility requirements
How to prepare supplemental schedule and disclosures