Financial Aid Compliance Case Study

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All institutions of higher education must comply with federal regulations. Regulations may differ from college to college depending on whether it is private or public, but each school must budget the implementation of these regulations in their overall costs. In a case study conducted by Vanderbilt University, they estimated that overall each intuition complied with 30 different areas of regulations and over 200 federal laws and guidelines (Moran, 2015). “The study estimates of that $27 billion, $17 billion was incurred due to higher-education and all-sector compliance, while $10 billion was estimated to be a result of research-related compliance (Moran, 2015, P.1).” In this short essay, I will focus on accreditation and financial aid compliance …show more content…
In essence accreditation holds institutions accountable by verifying if they’re complying with the standards of higher education and if they’re fulfilling the values and ethics of the school’s mission statement. Direct and indirect costs of accreditation can annually cost colleges between $32,000 to $41,000 per year depending on the length of the accreditation cycle (Whelan & Elgart,2015). Accreditation costs come from annual fees, collection, and processing of peer reviews, paying roughly $2,500 per consultant per day for accreditation visits, consultant travel expenses, etc (Whelan & Elgart,2015).
Accreditation can be a costly mandate but it’s necessary in order to evaluate student support and overall effectiveness within an institution. In order to compensate for some of these expenses, colleges can collect peer reviews electronically to save on paper supplies, and use a processing program instead of hiring personnel to sort and analyze data. Colleges can also save money by implementing internal auditing instead of utilizing an external agency to ensure that all documents are correct prior to

Bellevue University Case Study

a list of business requirements that potentially can benefit from available cloud services. This is based on the information from the case study. There should be a brief explanation for each item on the list. From the case information, Bellevue University has two different functional areas: administrative and academic. The major admin processes include financial aid, foundation management, learning innovation center, and student registration and management. The University has 685 benefited employees…

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The Role Of The Public Accountant In The American Economy

number of companies that restated their previously issued financial statements as a result of accounting irregularities and fraud. Especially responsible were the very visible Enron and WorldCom fraud cases. Both companies filed for bankruptcy and constituted the largest companies in American history to do so. The extent of the accounting irregularities and fraud being investigated and disclosed brought into question the effectiveness of financial statement audits. In addition, the criminal conviction…

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Balvir Dissertation Essay

to the international taxation systems that provide transnational companies to shift their profits between countries to reduce their taxation liabilities in UK. The report will also aid in identifying the steps which can keep a check on the issue of the corporate tax avoidance. The research will also analyze case studies on the corporate tax avoidance by transnational companies. The research will also identify the strategies for developing effective taxation system to inhibit corporate tax avoidance…

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Essay Canada Who

end result is a gaping hole in the infected persons’ face. There is approximately a 90% mortality rate for noma. If caught early, however, it is possible for it to be treated by mild antibiotics and rehabilitation. It is estimated that 140, 000 new cases of Noma are reported a year (WHO statistic) and only 10% of the infected survive. Long term effects of survivors include permanent facial contortion, as well as facial disability. In addition, plastic surgery may be required to reconstruct facial bones…

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Wound Infection: A Case Study

Intervention About Infection Control for Wound Infections in Adult Patients After Open Heart Surgery? Mohsin Rasho & Jalal Dawood Valparaiso University “We have neither given nor received, nor have we tolerated others' use of unauthorized aid.” Mohsin Rasho & Jalal Dawood Introduction Wound infections occur with adult patients who have open heart surgery whether via bacteria or virus. If nurses…

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BP Group Project 1 Essay

Recommendations…………………………………………………………………12 List of Figures Abstract The effects and aftermath of the British Petroleum (BP) Oil Spill in the Gulf of Mexico continue to be felt strongly among the residents and businesses in the Gulf region. We have presented a case analysis on this disaster which identifies the cost-cutting decisions that led to the oil spill and the fallout with the general public that followed. We have concluded that although BP has taken several recent steps towards fixing the multitude of…

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Lookout: Enterprise Resource Planning and Public Companies Essay

established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. The Sarbanes-Oxley Act of 2002, which created the PCAOB, required that auditors of U.S. public companies be subject to external and independent oversight for the…

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Essay on ECON 4884 Seminar in Economics

Winter 2012 27 March 2012 I. Introduction "No person in the U.S. shall, on the basis of sex be excluded from participation in, or denied the benefits of, or be subjected to discrimination under any educational program or activity receiving federal aid." These 37 words make up Title IX of the Educational Amendments, one of the most powerful pieces of legislation to enter into law in the last 50 years; as Steve Wulf of ESPNW says, they were “37 words that would change everything” (Wulf, 2012, 1).…

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Individual Development Plan Essay

(Giving Feedback, p.1). Good feedback can motivate members. Therefore, feedback skills are necessary. 2. The character of displaying integrity and honesty. Take the example of Enron. The company’s CEO, Ken Lay, kept the financial problems as a secret and ignored suggestions from a financial consultant (May, 2013, p. 88). Enron finally bankrupted and lost credits from others. Leaders have to be honest with the internal employees and perform with integrity; otherwise the reputation is hard to restore. 3…

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Analysis Of Starbucks

MBA6008 Organization Selected – Starbucks Company Analysis Abstract Starbucks is a publicly traded company that has been a main competitor in the coffee and in the special eatery industries. This document will give a brief description of the company, an Analysis of the economic implications of operating in global markets and different market and industry structures, and an assessment of the impact of ethical and regulatory considerations of Starbucks. It will analyze…

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