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 addressed significant new requirements that will impact higher education Single Audits performed under Uniform Grant Guidance.
- Chief Financial Officers
- Chief Business Officers
- Controllers
- Accountants
- College and Central Business Managers
The matters discussed in these materials provide general information only. You should consult with an advisor about your specific situation before undertaking any action because each organization’s situation is unique. This information may not be construed as either accounting or legal advice.