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HEERF Audit Guide for Proprietary Institutions: Key Takeaways

By Ted Blendermann, CPA, CFP, and Michael Wherry, CPA, McClintock & Associates and Scott Goldschmidt, Counsel and Jayna Marie Rust, Associate, Thompson Coburn, LLP
This article will summarize the important aspects of the Guide for Compliance Attestation Engagements of Proprietary Schools Expending Higher Education Emergency Relief Fund and is not meant to be all-inclusive. It is broken down into three main sections: Audit Thresholds and Timing, Audit Testing and Implications of CFR Provisions, and Audit Reports and Corrective Action Plans (CAPs).

Summarizing HEERF2 Application and Implementation Provisions

Summarizing HEERF2 Application and Implementation Provisions

By Michael T. Wherry, CPA, McClintock & Associates
On Jan. 14, 2021, the U.S. Department of Education (ED) released instructions to access and key provisions to utilize the new round of the Higher Education Emergency Relief Fund, which was included in the recently passed Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA). This summary focuses on key provisions related to the utilization and compliance related to the grants, along with M&A’s commentary in italics.

HEERF Audit Guide for Proprietary Institutions: Key Takeaways

CARES Act Implementation: HEERF Funds Usage and Impact & Distance Education Best Practices

By Hanover Research, prepared for Career Education Colleges and Universities (CECU)
A Career Education Colleges and Universities study shows that Higher Education Emergency Relief Funds had a positive impact on instruction, the student experience and student success. Additionally, Hanover Research conducted in-depth interviews with 15 leaders of career and technical colleges to develop some best practices for distance education.

HEERF Audit Guide for Proprietary Institutions: Key Takeaways