Private schools play a vital role in providing quality education to students as an alternative to the public school system. However, managing the finances of a private school can often be challenging. Private schools need to balance their budgets, ensure adequate...
Fraud can have devastating consequences for private schools, both financially and in terms of reputation. That’s why it’s important for schools to implement strong internal controls to prevent fraud from occurring in the first place. What are internal controls?...
Private schools have long been a popular choice for parents seeking a more personalized and academically rigorous education for their children. Private schools offer tremendous benefits compared to public schools such as more intimate classroom settings, a more...
Introduction Private schools have a responsibility to create an environment that is diverse, equitable, inclusive, and accessible for all students, faculty, staff, and community members. Promoting diversity, equity, inclusion, and accessibility (DEIA) in private...
On May 6, 2023, Governor Kathy Hochul announced an plan to continue to increase New York State's minimum wage for three years and then tie future increases to inflation. The plan is part of the FY 2024 budget agreement and is set to help low-wage New Yorkers keep up...
Plan design decisions impact costs for both employers and employees. Employers and their advisors can manipulate the levers of plan design to manage costs but these changes can also increase costs for participants, creating dissatisfaction and barriers to care. What...
As we have seen in recent cyberattacks at schools, it is no longer a matter of if, but when your school may become the next target of ransomware, phishing, denial of service, or other cyberattacks. Understanding today’s cyber landscape related to the education market...
Documentation of the rationale for the selection of a vendor and their goods and services should be maintained and included as a part of the internal control procedures at any district. For auditors, documentation is paramount to show that goods and services were...
Today, a school’s success relies on its implementation of research-based and current instructional best practices. To improve student achievement and teaching practices, educators must also focus on integrating their own continuous learning in a sustained and...
