Higher Education

We are reaching new heights.

Higher education is facing many unique challenges, such as additional regulation, unfunded compliance costs, and market competition. We believe that your focus should be on serving your students and carrying out your mission, and we’re here to support you in doing so.

Our specialized team actively monitors both the Financial Accounting Standards Board and the Government Accounting Standards Board and is in constant communication when changes arise. Our audit services go beyond simply complying with a requirement. We treat each engagement as a chance to explore innovative opportunities for your institution to continue to achieve success.

Whether you’re looking to comply with new regulations, trying to get a handle on risk management, or need help with IT security and assessments, we will help your institution reach new heights.

Services Overview

Consulting Services

  • Implementation of new audit and accounting standards
  • Benchmarking
  • Improved tracking of restricted resources
  • Bond issue analysis
  • Consulting on budget preparations
  • Cost allocation between funds and programs
  • Identification of best practices resulting from form 990
  • Financing alternatives
  • Corporate sponsorship and royalty transactions
  • Structuring of transactions between related entities
  • Accounting and financial reporting systems design and interpretation
  • Internal control process review
  • Arbitrage rebate calculation

Tax Planning and Preparation

  • Unrelated business income planning
  • Exempt status consulting
  • Information return preparation
  • Forms 990, 990-T, and 5500

Audit and Assurance Services

  • Financial
  • A-133
  • Financial aid audits
  • 403(b) plans

Other As-Needed Management Consulting Projects

Accurate Revenue Reporting Consideration Topics for Nonprofits

By: Jason Terwilliger, CPA, CIA, Manager Communication is a cornerstone of any effective team of individuals working together to achieve common goals. This is especially true for the accounting and development departments in nonprofit organizations. When it comes to accurately reporting on an organization’s financial position, both accounting and development have important roles. Development staff […]

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Updated Deadlines for Single Audit: Is Yours Approaching?

On March 19, 2021, the Office of Management and Budget issued memorandum M-21-20 (the Memo), providing an automatic six-month extension for all single audit filings for fiscal year ends through June 30, 2021 (Appendix 3, part IX, of the Memo). For reference, here is a short list of those approaching: As mentioned above, the extension […]

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Columbus CEO Talks Cybersecurity and Data Management with Blue & Co. | Blue & Co, LLC | Cybersecurity and Data Management Practice

Columbus CEO Talks Cybersecurity and Data Management with Blue & Co.

The following article was made available and moderated by Ray Paprocki, publisher and general manager at Columbus CEO. In this article, Ray interviews Tom Skoog, the Cybersecurity and Data Management practice leader at Blue & Co., LLC. Columbus CEO Virtual Roundtable: Cybersecurity The U.S. government recently blamed the Russians for a major hack of federal […]

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Connect with our team.

To learn more about our services and areas of expertise, send us a message.