ED’s New Audit Guide Mandates Greater Scrutiny of Compensation Practices under the “Incentive Compensation” Rule
The second post of our Audit Guide series focuses on the incentive compensation rule. The new Audit Guide requirements significantly expand the review required by auditors to assure compliance with the incentive compensation rule.
The new Audit Guide for Title IV compliance audits includes numerous, expanded requirements for accounting firms to use in conducting required annual audits. The Audit Guide applies to Title IV compliance audits for fiscal years ending June 30, 2017 or later for for-profit higher education institutions and for third-party servicers that administer any aspect of the Title IV programs on behalf of any postsecondary institutions.
Faced with court decision, continuing data problems and new negotiated rulemaking, the Department of Education issues last minute reprieve on Gainful Employment appeals and certain disclosure requirements.
The 2017 NACUA Annual Conference is June 25-28 in Chicago, Illinois. The annual NACUA conference attracts hundreds of higher education attorneys each year to learn and discuss current issues and legal developments in the field of higher education law.
The 2017 NASFAA National Conference is June 26-29 in San Diego, California. The annual NASFAA conference brings together 2,500+ student aid professionals from across the nation. Members of the Cooley team will be presenting throughout the conference.
Department of Education’s Announcement Leaves Unanswered Questions Regarding Coming Gainful Employment Rule Deadline
The Department of Education announced it will engage in a new negotiated rulemaking to revise the Gainful Employment Rule, but questions remain.
Next week is London Edtech Week featuring 30+ events for the local and global edtech community, including Cooley sponsored Live Podcast: Is Edtech a Thing (Yet)? EdTechXEurope takes place next Wednesday with 125+ speakers and 850+ global attendees.
The Department announced today that it will delay Borrower Defense and will convene a new “Mega Neg Reg,” which will include Borrower Defense and Gainful Employment.
Reminder: July 1 Deadline for Out-of-State Schools to Register to Enroll Distance Learning Students in California
Effective July 1, private postsecondary institutions outside of California that enroll California students are generally subject to new “Out-of-State Institution Registration” regulations.
The 2017 Career Education Colleges and Universities (CECU) Annual Convention & Exposition is June 6-8 in Las Vegas, Nevada. The CECU Annual Convention brings together nearly 300 organizations and approximately 1,500 attendees. Members of the Cooley team will be speaking throughout the conference.
While there are indications that Washington has lessened its antipathy towards for-profit institutions, states continue to go in their own directions. This post focuses on the California Assembly’s recommendation to eliminate for-profit institutions from the Cal Grant program.