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New ED Audit Guide Now Requires Extensive Gainful Employment Compliance Testing

As noted in our previous blog post on ED’s new Audit Guide, for the first time ED is requiring that independent audit firms conduct extensive testing relating to Gainful Employment (GE) data reporting and mandated disclosures as part of their annual Title IV compliance audits. 1,077 more words

Higher Ed

Betsy DeVos Throws Together Superintendents Meeting in Grand Rapids, Gives Appearance of Public Involvement

If I were US secretary of education, and I really wanted to interact with public school superintendents in my home state, I would not do what US ed sec Betsy DeVos did: 890 more words

Higher Ed

Exclusive interview with NSU President and CEO Eddie N. Moore, Jr.

by Malik Glaspie, Managing Editor

On Wednesday, July 19, the Spartan Echo had an opportunity to sit down with Norfolk State University President and CEO Eddie N. 1,207 more words

Virginia

ED’s New Audit Guide Mandates Greater Scrutiny of Compensation Practices under the “Incentive Compensation” Rule

As discussed in last week’s post, Title IV compliance audits for entities’ fiscal years ending June 30, 2017 and later must be completed using the revised Audit Guide recently issued by the US Department of Education’s Office of Inspector General (OIG). 873 more words

Higher Ed

New ED Audit Guide Means Compliance Audits Will Be More Expansive, More Expensive

The new US Department of Education Audit Guide for Title IV compliance audits – now in effect – contains numerous, expanded requirements for accounting firms to use in conducting required annual audits, which will result in more time-consuming and more expensive audits for all affected entities. 646 more words

Higher Ed