The book value is a key factor in determining the initial spendable amount.įinancial aid programs are administered by the university. The book value of endowed fund is the original gift, plus any other additions to the account. The Approved Policy Index is an approved static allocation of passive investments intended to represent an acceptable level of risk for a desired long-term return. One of its specific objectives is to issue professional standards, including accounting guides like “Not-for-Profit Organizations” that provide guidance to private colleges and universities on the application of FASB statements. Its mission is to provide members with the resources, information and leadership that enable them to provide valuable services in the highest professional manner to benefit the public, as well as employers and clients. The American Institute of Certified Public Accountants is the national professional organization for all Certified Public Accountants. Funding for this grant program was first made available for the 2006–07 award year.Īmerican Institute of Certified Public Accountants Grant created by the Higher Education Reconciliation Act of 2005 providing funds for students enrolled full-time as a first- or second-year student in a qualifying program of study.
The focus of the audit is a financial report on all federal funds received and a report on our compliance with the rules and regulations of the granting agencies. The specific rules for the audit are set by the Federal Office of Management and Budget. This annual audit is required for all organizations that receive grants or other awards in excess of $500,000 from a federal agency.
0 kommentar(er)
