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Higher Education

Experience that Brings Value

With more than 60 full-time professionals in this practice, Freed Maxick serves public and private universities, colleges and related ancillary enterprises and foundations. We offer a range of services from traditional compliance services to a wide range of advisory services spanning the needs of the organization (administrative, academic, athletic and auxiliary.)

By keeping abreast of the latest industry trends and developments, our professionals speak your language and understand your perspective. Through our extensive knowledge of finance, accounting, regulatory and operational matters, we help you understand all the issues and develop practicable, effective and sustainable solutions.

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WHERE WE HELP YOU

Assurance, Accounting & Internal Control

  • Independent audit of financial statements, including Uniform Guidance, grants/awards contracts, benefit plans, and other
  • Internal audit outsource / co-source / augmentation
  • Regulatory Compliance Support (FERPA/HIPAA/Export Controls/Gramm-Leach-Bliley Act/Bayh-Dole Act/Title IV and Title IX Compliance/NCAA Compliance Auditing/Clery Act Compliance/Environmental Health & Safety Compliance Reviews)
  • Transaction due diligence support
  • SOX/SOX-lite – internal control design assessments, documentation, and testing
  • Control gap analysis and remediation assistance

Information Technology / Cybersecurity

  • Information security assessments
  • Business continuity management; conducting business impact analysis, developing business continuity and disaster recovery plans, developing and assessing incident response plans
  • Cloud; assessing security, availability/continuity and other operational criteria of cloud-based solutions
  • IT risk management; conducting risk assessments and developing solutions/roadmaps to address identified risks
  • Program risk; conducting project, program and portfolio risk management and quality assurance
  • Software selection services; developing requirements definitions, developing Request for Information and Requests for Proposals (RFI/RFP,) evaluating vendors/suppliers
  • Segregation of duties/identity and access management; conducting assessments of user provisioning, managing access base on roles and responsibilities and providing practical recommendations for addressing gaps
  • PCI Compliance
  • Information Technology strategy development, governance and alignment with business objectives
  • Information Technology general controls audits
  • Information Technology compliance audits (e.g. HIPAA,) emerging regulatory readiness assessments (e.g. HITRUST and GDPR,) and certifications (e.g.: NIST, ISO, SOC1/SOC2)
  • Third Party Technology Risk assessments
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Financial / Strategy / Operations

  • Business intelligence solutions and data analytics
  • Forensic, litigation and dispute support
  • Financial projections, forecasting feasibility studies
  • Reorganization and turnaround support
  • Project management
  • Cost segregation – construction management support
  • Business and financial process effectiveness and efficiency reviews (Six Sigma/Lean)
  • Enterprise Risk Management program development support

Exempt Tax & UBIT

  • Tax return preparation / review services (Form 990, 990T, NYS CHAR 500, Form 1120, 1120-S, 1041, 1065 etc.)
  • Unrelated business income tax minimization strategies
  • International tax consulting (FBAR Compliance and expat consulting, and other)
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Client Perspectives

"I really enjoy working with the team at Freed Maxick - they are always responsive and professional. They are very knowledgeable and always willing to help when needed."

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Christina Hoven, Niagara University

Client Perspectives

"Enjoy working with their knowledgeable and highly technical higher ed team."

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Mike Cucinotta, Trocaire College

Featured Resources

Business Intelligence in Higher Education: Classroom Scheduling Optimization
What Can HEERF Funds be Used for and Why to Consider Investing Your HEERF Funding Into Student Services
HEERF III Compliance: $36 Billion in Federal Higher Education Emergency Funds Now Available, but …
University Endowment Investment Strategy: Best Practices During COVID in 2021

Your Experts

Michelle A. Sullivan, CPA

Director

Ryan E. Caster, CPA

Director

Sanath Rajapakse, CISA

Director

Are you looking for Higher Education Accounting services from a New York CPA firm?

If so, simply fill out the form below or call us at 716.847.2651 for more information.