Overview and Insights on the New SFA Proprietary Audit Guide
A CAPPS Members-Only Webinar
March 28, 2018
11:00 AM - 12:00 PM PST
Presented by Almich & Associates
Linda Cooley, Compliance Partner
Rebecca Sanders, Senior Compliance Manager
The Office of Inspector General (OIG) of the U.S. Department of Education released a new proprietary school and servicer audit guide in 2016. The Guide for Audits of Proprietary Schools and for Compliance Attestation Engagements of Third-Party Servicers Administering Title IV Programs supersedes the 2000 version and was effective for fiscal years beginning after June 30, 2016.
In this webinar you will learn the key changes in the new audit guide including what your auditor will likely be requesting and reviewing. You will also receive insights and lessons learned from a CPA firm that has completed many compliance audits under the new audit guide and is working on many more audits for clients with December 31, 2107 year-ends. Most schools are experiencing an increase in the number of audit findings with the new audit guide, and a corrective action plan (CAP) specifically designed to prevent re-occurrence of findings is critical. You will also learn key points to include in an effective CAP.
This webinar is open to CAPPS Members only.
There is no cost to attend.
Registration is required.
MEET THE WEBINAR PRESENTERS
Compliance Partner, Almich & Associates
Linda joined Almich & Associates in 1992 and has over 30 years’ experience in higher education, including both traditional and private career colleges. Prior to joining Almich & Associates, Linda held several management positions in private for-profit and non-profit postsecondary educational organizations, including Corporate Director of Financial Aid for a group operating over 40 postsecondary institutions nationwide. Linda has been an active speaker for CASFAA and several other postsecondary institution associations. Linda has been a trainer for the U.S. Department of Education in the area of student financial aid compliance.
Since joining Almich & Associates in 1992, Linda has been involved in over 900 engagements with postsecondary educational organizations. As a result Linda has significant expertise in private postsecondary educational institutions’ compliance audits; non-profit educational institutions’ audits as required under the Single Audit Act; Title IV compliance due diligence, and numerous regulatory compliance matters. Linda is considered to be one of the foremost experts in the country with respect to student financial aid programs and compliance as well as in the areas of government regulations within the postsecondary education sectors.
Linda obtained her Bachelor's of Administration degree from the University of California at Riverside. She also obtained a Master’s Degree in Business Administration from Pepperdine University where she wrote her thesis on “Government Regulation within the Private Career School Industry”.
Senior Compliance Manager, Almich & Associates
Rebecca is a Senior Compliance Manager with Almich & Associates, a Certified Public Accounting and Business Consulting Firm located in Lake Forest, California. Prior to joining the firm in 2015, Rebecca held positions of Federal Regulatory Compliance Director and Director of External Regulatory Reporting at large for-profit Institutions. Rebecca began her career as an external auditor at PricewaterhouseCoopers.
Rebecca holds a Bachelor’s of Science degree in Accountancy from Arizona State University, a Master of Business Administration, and is a licensed CPA in California and Arizona. Rebecca is experienced in Title IV compliance and regulatory reporting including consumer disclosures, Gainful Employment, 90/10, Electronic Applications (E-Apps), IPEDS, and more.
About Almich & Associates
Almich & Associates is a Certified Public Accounting and Business Consulting firm headquartered in Lake Forest, California. The firm was formed in 1992 and consists of a group of professionals who are focused on the specific needs of higher education institutions.