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Colleges & Universities Overview


RubinBrown’s Colleges & Universities Service Group provides a full range of assurance, consulting services and tax to colleges and universities. Our specialized services and expertise are delivered with close personal attention to our clients.

At RubinBrown, we are a focused practice consisting of partners, managers and a team of staff dedicated to serving colleges and universities.

In addition to over twetny colleges and universities, both private and public, we also serve more than 250 not-for-profits and public sector entities (including over 70 foundations).

All members of the Colleges & Universities Service Group receive annual training on accounting and auditing issues applicable to colleges and universities.

Assurance & Accounting Services

  • Audits of financial statements for colleges and universities, as well as university-related organizations, such as foundations, TV/radio stations and athletic departments
  • Single Audits
  • Agreed-upon procedures engagements, including procedures required by the NCAA
  • 403(b) benefit plan audits

Consulting Services

We are well trained in performing a wide variety of consulting services to higher education institutions:

  • Title IX compliance
  • Restructuring and bankruptcy
  • Internal audit co-sourcing and outsourcing
  • Enterprise risk assessment
  • Data mining
  • Review and enhancement of internal controls surrounding Student Financial Aid and sponsored programs
  • Information technology general controls review
  • Information technology security compliance (HIPAA, PCI, PII, GLBA and FTC Red Flags regulations)
  • Internal audit review of conflict of interest policies and related compliance

Tax Compliance Services

  • Preparation of Forms 990 and 990-PF - we prepare nearly 300 Form 990 returns annually
  • Preparation of Form 990-T 
  • Preparation of trust returns
  • Unrelated business income tax research

07/19/2016

Focus on Public Sector, Not-For-Profit and Colleges & Universities: New DCF Changes and Related Filing Extensions


On July 19, 2016, the U.S. Office of Management and Budget (OMB) released the newest version of the Data Collection Form (DCF) which incorporates changes that were needed to conform to the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards included in 2 CFR 200 (Uniform Guidance).

12/08/2015

Focus on Colleges & Universities: Cloud Computing Fees Impact on Higher Education


On April 15, 2015, FASB issued Accounting Standards Update 2015-05, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, as part of its simplification initiative to reduce the diversity in practice, and to reduce the costs and complexity of assessing fees paid in a cloud computing arrangement (CCA).

04/01/2014

Focus on Public Sector, Colleges & Universities:  GASB Votes Not to Delay the Implementation of Statement No. 68


On March 24, 2014, the Governmental Accounting Standards Board (GASB) voted unanimously not to delay the implementation of GASB Statement No. 68, Accounting and Financial Reporting for Pensions.  

All Colleges & Universities News