Complying with Updated Audit Guidelines Webinar
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Complying with Updated Audit Guidelines Webinar

When: Tuesday, March 7, 2017
11:00 AM
Where: Webinar
United States
Contact: Wanda Minick
(850) 577-3139

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Cost: FREE

To register for this webinar click the "register now" button below

The U.S. Department of Education updated the Audit Guide for for-profit colleges in September 2016 to include new instructions for conducting compliance and financial statement audits at for-profit colleges.

The new guide substantially changes and expands the scope of the compliance audits to include detailed review of the following :

  • Gainful Employment Data

  • 90/10 Calculations

  • Administrative capability

  • Student file reviews, among other amendments

The new rules will apply to audits conducted for fiscal years starting after June 30, 2016.

In this webinar we will discuss the key changes to the Audit Guide and tips on how to prepare for the new testing requirements and to begin work with your CPA early on to ensure a smooth transition.



Jonathon Glass, Partner

Jonathon Glass is a partner in Cooley's Higher Education practice group and resident in the Washington, DC office.

Mr. Glass specializes in higher education law, with concentrated emphasis on the institutional eligibility and financial responsibility requirements for institutions to participate in the Title IV federal student aid programs, as well as other requirements pertaining to the 90/10 Rule revenue limit, cohort default rates, and the Gainful Employment Rule to measure the eligibility of individual educational programs. Read Full Bio.

Katherine Lee Carey, Special Counsel

Katherine Lee Carey is a Special Counsel in the Education practice group and is a member of Cooley's Business department.

Ms. Lee Carey's practice focuses on the legal, accreditation, administrative and regulatory aspects of regionally and nationally accredited higher education institutions and companies that provide services to the education industry. She provides clients with interpretation and implementation guidance on legal and regulatory changes, including impact analysis and strategic plans to implement complex regulatory requirements and compliance structures. She has extensive experience in the development and implementation of legislative and policy priorities at the federal and state levels, and in accreditation and licensing matters, including ACCSC, ABHES and WASC. Read Full Bio.

Rebecca Flake, Higher Education Services Advisor

Rebecca Flake is a Higher Education Services Advisor for Cooley LLP.

Ms. Flake has been in the financial aid industry since 1990. She started her career on campus as a Financial Aid Officer at Long Technical College and then as Director of Financial Aid at High-Tech Institute, both in Phoenix. She spent the next 14 years of her career with Ball & McGraw, a CPA firm, performing Title IV compliance audits, conducting training, and providing consulting services to many colleges across the country. Rebecca has been in her current position at Cooley, LLP as Senior Advisor of Higher Education Services for 6 years and she works with a team of attorneys and higher education professionals to assist public, non-profit, and for-profit colleges and universities across the country with a vast range of compliance matters. Read Full Bio.