Private Colleges and Universities
The nation's leaders in higher education understand that the current economic situation presents challenges. Facing economic realities, private colleges and universities are taking it upon themselves to do what they can to maintain their operations and survive. From cutting costs to searching for new revenue sources and new ways to sustain their enrollments, they are more than ever in need of a team of independent accountants who understand these issues, challenges and the unique accounting and reporting requirements of private colleges and universities. Our team doesn't merely render the needed services, but is committed to providing added value to these services.
The Brown Edwards Higher Education Services Team is a seasoned team of accountants with extensive experience and knowledge to provide significant additional service assistance over and above basic audit services:
- Higher education industry expertise - a dedicated team of professionals noted by our clients for their accessibility and hands-on style, as well as the depth of knowledge and technical skills provided
- Focusing on the key controls in a higher education environment - identifying, documenting, and testing the budgeting process; their recording and monitoring of restricted contributions; the monitoring and oversight of investments and the endowment; and the financial statement preparation processes
- Evaluating information technology risks and controls relevant to the audit - utilizing the firm's experienced CISA (Certified Information System Auditor) professionals.
- Effectively utilizing technology - a paperless audit approach and taking advantage of data extraction software when effective and efficient
- Technical issues resolution - the cornerstone of the firm's philosophy is continuous involvement with clients. This interaction, coupled with our understanding of the institution's operations, promotes timely identification and resolution of technical issues
Financial, operational and fiduciary services provided to private colleges and universities include:
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