When was the last time your organization evaluated its accounting software… or maybe you are a start-up, keeping track of your organization’s finances on excel or even paper ledgers and now it is time to upgrade to a more sophisticated system. Many organizations tend...
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...
Join our Powerhouse Team for a Time-Critical Panel Discussion followed by a Question-and-Answer Session New York State Education Law §2-d took effect in 2020 and applies to school districts, charter schools, universal pre-K providers and BOCES. It also applies to...
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...
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...
When the NYS DOH pushed off the implementation of the HWB for educational organizations until October 2022, we all thought that signaled that revised regulations would be distributed to help education organizations work through the HWB maze. After all the HWB was...
