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COVID-19’s Impact on Collegiate Athletics

Higher education has undoubtedly been one of the most significantly impacted industries across the United States related to the coronavirus pandemic. This

OMB Issues Final 2020 Compliance Supplement

Learn more about the 2020 Compliance Supplement provided by the Office of Management and Budget.

Distance Education Program Compliance Requirements and COVID-19

Learn more about the increased focus on distance education program compliance requirements for higher education institutions due to COVID-19.

FASB Proposes Changes to the Definitions of Financial Statement Elements

On July 16, the Financial Accounting Standards Board (FASB) issued exposure draft Concepts Statement No. 8, Conceptual Framework for Financial Reporting,
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New FISAP Instructions Under the CARES Act

On August 3, 2020, the Fiscal Operations Report for 2019-20 and the Application to Participate for 2021-22 (FISAP) instructions became available. The reporting

Does Your Institution Offer the Correct Number of Courses?

During this unprecedented time, navigating the uncertainty of the upcoming semesters for higher education institutions is essential for student, faculty

Changes to Spending from Restricted Funds in Pennsylvania

On July 23, the governor of Pennsylvania signed into law PA 2020 Act 71, which provides not-for-profit organizations additional flexibility with their

Final Regulations Clarify Exempt Organization Filing Requirements

After waiting nearly eight months, exempt organizations finally have clarity on the reporting requirements of Form 990, Schedule B, Schedule of Contributors.
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SBA Clarifies Single Audit Requirements

Learn whether the funds provided under the PPP or the EIDL are, in fact, federal awards for not-for-profit entities.

DOE releases information for the Institutional Portion of the Higher Education Emergency Relief Fund

On Tuesday, April 21, 2020, U.S. Secretary of Education Betsy DeVos issued a communication announcing the release of information and funding available
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