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...
This webinar is for Education Providers. Deadline is October 31st for Vesting Period 1 and 2. **Information as of 10/11/22** Ken Cerini, Managing Partner and Shari Diamond, Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus in...
Since the onset of the COVID-19 Pandemic, the cybersecurity environment has rapidly transformed. The frequency of incidents and cyber liability insurance claims have multiplied exponentially and continue to grow. Cyber Liability Insurance underwriters are on high...
In July 2022, news broke that David Ostrove allegedly stole approximately $8.4 million from the Schechter School of Long Island (the “School”), where he served as the School’s Chief Financial Officer, Chief Technology Officer, and Director of Operations. Ostrove...
Welcome to another school year, and welcome to a new set of opportunities and challenges. The 2022/23 year is sure to be an interesting one. With COVID still a disrupting force, the impact of inflation, rising interest rates, worsening economic and market conditions,...
When the Healthcare Worker Bonus (HWB) program was unveiled in August, educational organizations were included in the list of eligible employers, but with little clarification as to which ones or who would be covered. At the end of August, a memo was distributed by...
For those of you who filed for a Paycheck Protection Program (PPP) Loan, you remember the early days of the application process were marked by conflicting information, short deadlines, potential exposure, and more. As time went by, the regulations loosened up and...
