CPAs and Advisors with Your Growth in Mind

Education

EQUIP Program Loses Support

Almost half the participants of a program aimed to provide nontraditional providers access to federal financial aid have pulled their support. Educational Quality through Innovative Partnerships (“EQUIP”) sought to help nontraditional providers achieve high-quality standards and positive student outcomes, but the program is taking longer than expected to launch. As a result, three of initial eight pilot programs are no longer part of EQUIP. It is uncertain why EQUIP is taking so long to develop, but one study suggested that many participants were unsure about how the program’s success would be measured. More on the EQUIP program is available on InsideHigherEd.com.

Topics: , ,

Data Collection Form Revisions Proposed

In a Federal Register notice issued on April 3, the Federal Audit Clearinghouse (“FAC”) is proposing amendments to the Data Collection Form (“DCF”). Titled Proposed Information Collection; Comment Request; Data Collection Form for Reporting on Audits of States, Local Governments, Indian Tribes, Institutions of Higher Education, and Non-Profit Organizations , the notice outlines four significant changes to the Data Collection. The final Form changes would be effective for fiscal periods ending in 2019, 2020 and 2021. Those proposed changes include: Expanding the audit finding information that auditors include in the DCF to contain the audit finding’s actual text; Asking auditors to state whether they sent a written communication to the auditee concerning any non-audit finding issues should be directed to those responsible for governance matters;. Read More.

Topics: , , , , , ,

Quiz Tests Knowledge of Yellow Book and Single Audits

Available on the Journal of Accountancy website is a quiz on audit engagements performed under Government Auditing Standards (“Yellow Book”) and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Created by the American Institute of Certified Public Accountants Professional Ethics Division, the quiz aims to test how much auditors know about governmental auditing and single audits. Take the quiz on the Journal of Accountancy website.

Topics: , ,

AAUP Says College Faculty Salaries Up Three Percent

After a College and University Professional Association for Human Resources study found a 1.7 percent increase last year in college faculty pay , the American Association of University Professors (“AAUP”) says salaries jumped almost twice as much. The AAUP’s Annual Report on the Economic Status of the Profession: 2017-18 revealed the median salary in 2017-18 for a full-time professor was $104,820, associate professors were paid $81,274 and assistant professors earned $70,791. More on the AAUP’s report is available on InsideHigherEd.com.  

Topics: , ,

President’s Management Agenda Issued

President Trump has released a Management Agenda that outlines a long-term vision for achieving the following objectives: Modernize the U.S. government in key areas. Improve agencies’ ability to execute mission outcomes. Offer excellent service. Conserve taxpayer dollars. The President’s Management Agenda also includes Cross-Agency Priority Goals for resolving issues that intersect several federal agencies, accompanied by strategies for reaching those goals. One particular goal, Results-Oriented Accountability for Grants , aims to improve how the federal government delivers results to taxpayers. A corresponding strategy document has been released detailing three main components of this goal, such as identifying practices and data tools to allow agencies to incorporate. Read More.

Topics: ,

Former Central Florida Football Player Sues School over Scholarship Withdrawal

A former University of Central Florida football player is suing the school for allegedly rescinding his athletic scholarship due to compensation he received from his YouTube channel. Donald De La Haye accuses Central Florida of violating his right to free speech and denying him due process when the National Collegiate Athletic Association declared him ineligible for making money from his likeness and reputation on the website. De La Haye argues that the First Amendment protects his speech on social media platforms, and Central Florida took away his scholarship in an unreasonable manner since it was unrelated to his academic or. Read More.

Topics: , , ,