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New Audit Guidelines for Higher Educational Institutions


On Wednesday, February 1, Mike Wherry, a CPA with 25 years of experience in the public sector to postsecondary schools will join Aaron Lacey in presenting a webinar focusing on the four main changes that were issued in the September 2016 Guide for Audits of Proprietary Schools and for Compliance Attestation Engagements of Third-Party Servicers Administering Title IV Programs.

The presenters will cover:

  • 90/10 calculation and reporting,
  • Student file testing,
  • Gainful employment, and
  • Administrative capability.

The new Audit Guide dramatically increases the size and scope of testing in a student financial aid compliance audit. It is critical that post-secondary institutions subject to the Audit Guide understand the impact.

CLE Credit
The live presentation of this program was approved for 1.0 hour general CLE credit in California and Illinois, and 1.2 general CLE credit in Missouri. CLE credit is no longer available for this recording.

CPE Credit
Approved for 1.0 CPE credits of government audit standards (Yellow Book) credit in Pennsylvania.
CPE credit provided by McClintock & Associates, P.C., CPA. PA CPE sponsor number PX177157.

Aaron Lacey
Mike Wherry, McClintock & Associates

Originally Presented:
February 1, 2017