Month: September 2017

ED’s New Audit Guide – 90/10 Compliance

Jonathon Glass, Naomi Harralson May and Rebecca Flake

Financial statement audits prepared under the Department of Education’s new Audit Guide will involve more detailed 90/10 testing and note disclosures. Read more in the seventh post of our Audit Guide series.

New ED Audit Guide Updates Requirements Concerning Third-Party Servicers

Greg Ferenbach, Nancy Anderson and Rebecca Flake

The sixth post in our Audit Guide series focuses on the new requirements for third-party servicers. Institutions of all types that use any third-party servicers should become familiar with these new Audit Guide requirements.

Cooley Releases Public Benefit Corporation Incorporation Package

Mike Goldstein

Delaware Public Benefit Corporation law presents opportunities for postsecondary institutions. Cooley’s resource center for entrepreneurs and businesses, Cooley GO, now includes a PBC Incorporation Package.

California BPPE Announces Changes to the Student Tuition Recovery Fund

Kate Lee Carey and Greg Ferenbach

The California Bureau for Private Postsecondary Education recently published amended regulations governing the Student Tuition Recovery Fund effective as of August 10, 2017. The changes will impact institutions approved to operate by the BPPE and institutions that have registered as out-of-state distance learning providers.