NAICU Partially Supports Federal Student-Level Database
The National Association of Independent Colleges and Universities (“NAICU”) is considering changing its stance regarding the federal government’s efforts to collect data on college student outcomes. NAICU president David Warren said the private college group is open to supporting the Student Right to Know Before You Go Act, a bill that would make colleges increase student data disclosures to the government. Warren noted, however, that the NAICU still opposes a student-level database that some public college advocates prefer. Despite the NAICU’s partial support, proponents of a student-level data system believe Warren’s remarks are a positive step toward creating more extensive. Read More.
Implementation Guide Issued for Recent GASB Statements
The Governmental Accounting Standards Board (“GASB”) has released Implementation Guide No. 2018-1, Implementation Guidance Update–2018 , to help state and local governments apply the latest GASB Statements on pensions, other postemployment benefits, the statistical section, regulatory reporting, and tax abatement disclosures. Effective for reporting periods starting after June 15, 2018, Implementation Guide 2018-1 also features amendments to previously issued implementation guidance regarding important topics. Implementation Guide 2018-1 is available on the GASB website.
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.
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.
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.
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.