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Recent Financial Reporting Articles

What to Expect from the New Gainful Employment Rule

What to Expect from the New Gainful Employment Rule

By Michael T. Wherry, CPA August 1, 2022

The U.S. Department of Education (ED) has sought to establish a definition of Gainful Employment (GE) for over a decade, and in more recent years, we’ve seen regulatory whiplash as priorities and opinions change. An initial attempt to establish a rule by the Obama administration was thrown out in a legal...

ED Releases New HEERF Quarterly Reporting Form

ED Releases New HEERF Quarterly Reporting Form

By Michael T. Wherry, CPA July 6, 2022

If your institution is still utilizing Higher Education Emergency Relief Fund (HEERF) grants, take note: the Department of Education (ED) just released a new Quarterly Reporting Form (QRF) that includes some substantial changes from previous versions. The new form is to be used beginning with Q2 2022 reports and is due...

McClintock & Associates Honored with Partner of Distinction Award

McClintock & Associates Honored with Partner of Distinction Award

By McClintock & Associates January 25, 2022

Recognition Rasmussen University (Rasmussen), a private college with 23 campuses in Florida, Illinois, Kansas, Minnesota, North Dakota and Wisconsin, has established itself as a pioneer in career-focused education. Rasmussen has an annual Partner of Distinction award which recognizes a company that has met the four following criteria and the selection is done...