Blog

Nonprofit Organization Funding: NYS Securing Communities Against Hate Crimes Program

State and Federal Funding On November 7, 2022, Governor Kathy Hochul announced that nonprofits and community-based organizations at risk of hate crimes or attacks can strengthen safety and security measures through newly made available state funding. Additionally, she...

Segregation of Duties

Segregation of duties is a commonly used and widely accepted internal control practice. It is the process of taking shared responsibilities of a key process and dispersing the critical functions of that process to more than one person or department. Implemented...

Mandatory Federal Premium Reporting Requirement

What is the Federal premium reporting requirement? The Consolidated Appropriations Act (2021) was passed by Congress on December 21, 2020 and signed into law on December 27, 2020. It is responsible for the implementation of a new annual reporting requirement that...

Guest Article: E-Rate Funding Explained

Before the pandemic, many schools were in the process of implementing a 1:1 device for students and staff. With the onset of remote learning, that timeline was hastened. Schools not only have to consider the cost of the devices, but the ability to use the devices...

Guest Article: Finance Manager nVision Features

As many districts we work with use Finance Manager’s nVision program as their financial application system, we reached out to our contacts there to provide some of the features that can help with new school year and year-end processes. Below are some highlights they...

Guest Article: 2022-2023 Cyber Insurance Outlook

Cyber coverage in the public school arena is challenging. In a recent demographic study of K-12 public school districts, school districts with larger enrollments and lower economic metrics are more likely to see a cyber event than those with a smaller enrollment and...

Guest Article: Conferences, Luncheons, and Gifts, Oh my!

In our roles as either internal or claims auditors for school districts on Long Island, we are often asked about whether certain purchases can be considered a gift of public funds. While we often recite the regulations per the School Law book when providing an answer,...

Extra-Classroom Activity Funds: Tap into the Mind of an Auditor

Where to begin? Extra-classroom activity funds (ECAF) are funds from an organization that are separate from a district but that also relies on the district to operate. In the past five years, school districts have felt the heat of audits of extra-classroom activities...

New Regulations for Substantial Equivalency of Instruction for Private Schools

On September 13, 2022, the NYS Board of Regents finalized the substantial equivalency rules requiring private schools to prove they meet education standards. The rule became effective September 28, 2022. Education Law currently provides that “instruction given to a...

Quoted in Newsday: Treasury’s new small business rule: They’re taking names

Edward McWilliams was quoted in Newsday. You can read the article on Newsday's website here or below: The U.S. Treasury Department has issued a final rule that would create a new database containing personal ownership information that an estimated 32 million small...
Segregation of Duties

Segregation of Duties

Segregation of duties is a commonly used and widely accepted internal control practice. It is the process of taking shared responsibilities of a key process and dispersing the critical functions of that process to more than one person or department. Implemented...

read more
Mandatory Federal Premium Reporting Requirement

Mandatory Federal Premium Reporting Requirement

What is the Federal premium reporting requirement? The Consolidated Appropriations Act (2021) was passed by Congress on December 21, 2020 and signed into law on December 27, 2020. It is responsible for the implementation of a new annual reporting requirement that...

read more
Guest Article: E-Rate Funding Explained

Guest Article: E-Rate Funding Explained

Before the pandemic, many schools were in the process of implementing a 1:1 device for students and staff. With the onset of remote learning, that timeline was hastened. Schools not only have to consider the cost of the devices, but the ability to use the devices...

read more
Guest Article: Finance Manager nVision Features

Guest Article: Finance Manager nVision Features

As many districts we work with use Finance Manager’s nVision program as their financial application system, we reached out to our contacts there to provide some of the features that can help with new school year and year-end processes. Below are some highlights they...

read more
Guest Article: 2022-2023 Cyber Insurance Outlook

Guest Article: 2022-2023 Cyber Insurance Outlook

Cyber coverage in the public school arena is challenging. In a recent demographic study of K-12 public school districts, school districts with larger enrollments and lower economic metrics are more likely to see a cyber event than those with a smaller enrollment and...

read more
Guest Article: Conferences, Luncheons, and Gifts, Oh my!

Guest Article: Conferences, Luncheons, and Gifts, Oh my!

In our roles as either internal or claims auditors for school districts on Long Island, we are often asked about whether certain purchases can be considered a gift of public funds. While we often recite the regulations per the School Law book when providing an answer,...

read more