Insights

The U.S. Office of Budget and Management has released the 2019 Compliance Supplement, which comes with significant changes to the compliance requirements affecting colleges, universities and other higher education institutions that participate in the Student Financial Assistance programs provided by the Department of Education (DOE or Department), especially as it relates to reporting of single audit findings.

Doing nothing to protect your cyber infrastructure is not an option. This month’s edition of Cyber Roundup underscores the need for action. Contact Tom DeMayo with your cyber concerns.

Connecticut was once a tax haven. Those days are long gone. Now, it suffers from a branding problem. It is perceived as a state providing its constituents with one of the highest tax burdens in the country. According to some studies and pundits, this appears to be somewhat accurate. However, other findings show that it is more in the middle of the pack.

Grant-making is the heart of the private foundation industry and most commonly the largest expenditure. With grant‐giving in the billions of dollars annually, grant disbursements warrant proper due diligence. Due diligence has the potential to provide insight into critical attributes and the level of alignment between the Foundation’s mission and the goals of the grantee.

Recently, the AICPA released the first Statement on Standards for Forensic Services (SSFS). The statement was issued by the Forensic and Valuation Services Executive Committee of the AICPA (FVS Executive Committee).