Texas recently initiated significant changes to the way state funding is distributed to community colleges with the enactment of HB 8, which Texas Governor Abbott signed into law on June 6, 2023. State funding will now be tied more directly to student graduation rates and other outcomes. General…
As a board member, it’s critical to ensure your organization is ready for whatever lies just beyond the horizon. In this series of articles, we present four critical questions to ask and central topics to discuss at your board meetings to help ensure that your organization is prepared to weather
The release of new closeout guidance for recipients of any Higher Education Emergency Relief Fund (HEERF) awards has many grantees looking closely at their public postings to ensure they are prepared to comply with closeout requirements. If your institution received a HEERF award, taking these…
In March, the U.S. Department of Education (DOE) hosted two webinar sessions for recipients of Higher Education Emergency Relief Fund (HEERF) awards. The sessions provided updates to HEERF guidance for 2023 and covered No Cost Extensions, HEERF Grant Award close-out and the Education…
Compliance through the federal grants process can be complex. For example, the COVID-19 pandemic ushered in intricate new programs through the American Rescue Plan Act (ARPA). Even though clear guidelines were not always available up front, the consequences of…
With the velocity of change we experience, we know that external and internal risk are shifting more than ever before. Tackling risks as they emerge provides significate value to stakeholders and can elevate the audit process to be more strategic and…
As a board member, it’s critical to ensure your organization is ready for whatever lies just beyond the horizon. In this series of articles, we present five critical questions to ask and central topics to discuss at your board meetings to help ensure that your organization is prepared to weather
On March 30, 2023, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a study and guidance for organizations to achieve effective internal controls over sustainability reporting based on COSO’s widely used Internal Control-Integrated Framework.
Over…
For those that have not implemented the Current Expected Credit Loss (CECL) standard, the time is here. For financial institutions, an Allowance for Credit Loss (ACL) using the CECL methodology for loans replaces the former Allowance for Loan and Lease Losses (ALLL). The…
Performing manual processes can seem like constantly rolling a boulder uphill. In addition to internal policies and procedures for operational efficiencies, organizations may be required to generate, review, reconcile, approve, and submit reports to conform to an alphabet soup of state, federal…
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