aa 2024 building view under blue sky
aa 2024 building view under blue sky
INDUSTRY EXPERTISE

EDUCATION

SCOPE

Balancing Innovation and Challenges

The education industry is a rapidly evolving sector that is driven by technological advancements, changing workforce needs, and shifting societal values.
of U.S. Employers Report Skills Gap, Increasing Education Demand
43 %+
of U.S. Students Expected to Learn in Hybrid or Remote Environments by 2025
52 %
of Students Globally Expected to Take Online Courses
58 %+
U.S. E-Learning Market Projected by 2026
$ 22 B+

OUR EXPERTISE

Accelerating Innovation, Driving Success
Our firm provides a unique blend of accounting skills and expertise, as it involves tracking and managing complex financial transactions, such as grants, funding, and budgeting. We stay up-to-date with changing regulations and prioritize transparency and accountability in the education sector, where trust is paramount.
Compliance with Title IV and Federal Funding Regulations

Are you fully compliant with Title IV requirements and federal funding regulations? As the regulatory landscape for federal aid evolves, ensuring compliance with Title IV of the Higher Education Act is crucial for maintaining funding eligibility. We provide expertise in understanding and implementing the necessary controls to manage federal student aid programs, ensuring compliance with all regulations and reducing the risk of audit findings. Our team helps you develop robust financial aid systems that adhere to the Department of Education’s guidelines while ensuring transparency and accountability in your financial reporting.

Cost Allocation and Financial Reporting in Higher Education

Is your institution effectively managing its cost allocation and financial reporting? Colleges and universities face increasing pressure to optimize financial resources, but complex funding sources and multiple cost categories can lead to inefficiencies. We assist in developing accurate and transparent cost allocation models that align with best practices in higher education accounting. By ensuring compliance with GASB and FASB standards, we help institutions provide clear financial statements that enhance decision-making, improve budgeting processes, and ultimately increase financial transparency for stakeholders.

Risk Management and Internal Controls in Education

Is your institution’s internal control environment robust enough to prevent financial risks? From fraud prevention to regulatory compliance, effective internal controls are essential to managing risk in the education sector. We assess your existing control systems, recommend enhancements, and ensure compliance with audit standards and best practices. Our team works closely with administrators to implement frameworks that mitigate financial risk, reduce audit findings, and promote operational efficiency. Let us help you strengthen your controls and safeguard your institution’s financial integrity.

Managing Endowments and Investment Strategies

Is your institution’s endowment fund working as hard as it could for you? With rising tuition costs and increasing competition, effectively managing endowment funds is critical to ensuring long-term financial health. Our advisory services help educational institutions optimize their investment strategies, focusing on risk-adjusted returns and aligning investments with institutional values. We work with your team to assess current strategies, refine asset allocation, and ensure compliance with regulatory guidelines, enabling your endowment to generate sustainable income for scholarships, research, and future initiatives.

Cybersecurity

Are your financial systems and student data protected against evolving cyber threats? Educational institutions are prime targets for cyberattacks due to the sensitive nature of student financial and personal information. We offer specialized cybersecurity advisory services tailored to educational finance systems, focusing on protecting financial records, student data, and faculty payroll systems. By helping institutions implement NIST and FERPA-compliant security frameworks, we ensure that your data is secure, your financial systems are resilient, and your institution is prepared for the rising threats in the digital age.

Strategic Financial Planning for K-12 School Districts

Are your K-12 financial strategies aligned with long-term academic and community goals? School districts face unique financial challenges, including fluctuating funding, increasing operational costs, and tight budgets. We help K-12 districts develop strategic financial plans that balance immediate needs with long-term goals. Our services include comprehensive budgeting, grant management, and funding optimization, ensuring that every dollar is spent effectively to enhance educational quality. We work closely with school boards to implement sound financial strategies that prioritize student success while ensuring sustainability.

Streamlining Procurement and Cost Efficiency in Education

Is your educational institution maximizing efficiency in procurement and resource allocation? In an era of tight budgets, schools and universities must streamline procurement processes to ensure cost efficiency. Our team provides advisory services that help institutions develop robust procurement frameworks, negotiate better contracts, and identify areas for cost reduction. By leveraging technology and best practices in procurement, we help you maximize your resources, reduce waste, and allocate funds more effectively, ultimately ensuring that financial decisions support academic success and institutional growth.

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ADDITIONAL INSIGHTS

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