News

The new tutorial provides HEERF I, II, and III background and revenue recognition guidance under FASB and GASB standards.

A new Governmental Accounting Standards Board exposure draft explains requirements for recognizing and measuring compensation-related liabilities. Comments are due June 4.

NACUBO supported the Governmental Accounting Standards Board’s proposed financial reporting model changes and offered suggestions to improve complex and concerning proposed changes to categorizing revenue and expense transactions.

The long-awaited addendum to the 2020 Compliance Supplement grants a three-month extension for single audits with year-ends through September 30, 2020.

The exposure draft contains new questions and amendments to previously issued implementation guidance. Public institutions should note two questions on defined contribution plans and fiduciary activities and are encouraged to comment.

In a notice recently posted in the Federal Register, the Department of Education announced several new regulatory waivers to assist institutions, students, and borrowers through the COVID-19 pandemic. ED also extended several waivers it had granted earlier in 2020.

A recent NACUBO Town Hall explained several ambiguous financial responsibility rules and requirements for private institutions.

NACUBO policy experts weigh in on how a Biden administration could change federal rules, policies, and priorities that affect the business of higher education.

In response to confusion over the Department of Education’s revised eZ-Audit templates and new financial responsibility requirements, NACUBO has developed a crosswalk and tutorial to help our members navigate compliance.

Following months of calls for additional Higher Education Emergency Relief Fund spending guidance, the Department of Education has released a sizeable, new FAQ, with numerous important clarifications for business officers and others.