SFA Audit Seminars 2020
August 3, 4, & 5, 2020
8:00 AM – 4:15 PM (EDT)
Online & In-Person
Renaissance Atlanta Airport
2081 Convention Center Concourse
Atlanta, GA 30337
A Three-Day Seminar on Audits of Federal Student Financial Aid Programs at Colleges and Universities
TJS Deemer Dana LLP (d/b/a SFA Audit Seminars), in partnership with J. Stephen Collins, PhD, CPA, Associate Professor of Accounting, University of Massachusetts at Lowell (and former Director of Financial Aid at Boston College) and Robert M. Turner, DBA, Assistant Dean for Recruitment, Associate Professor of Accounting at Babson College, Boston, Massachusetts, offers a comprehensive seminar for CPAs, internal auditors, state auditors, and anyone else with responsibilities for federal student aid at postsecondary institutions.
This comprehensive group-live/online, multi-day seminar provides an overview of the current regulations for student financial aid programs, the numerous forms and regulations used to administer these programs, and the proper management of the programs by institutional personnel. It also includes information on the more technical requirements and aspects of the audit. Our seminar is Yellow- book qualified.
Who Should Attend: CPAs, internal auditors, state auditors, and other practitioners responsible for the audit of federal student aid programs at postsecondary institutions. College business officers and other administrators may also benefit from this program.
- Day One: Basic
- Day Two: Intermediate
- Day Three: Intermediate
- Day One: None
- Day Two: Presumes a general understanding of the information offered on Day One.
- Day Three: Presumes a general understanding of the information offered on Day One and Day Two.
Field of Study: Auditing (Governmental)
Advance Preparation: Each registered participant will receive an email with a link and log in to the 2020 SFA Audit Seminars Sharefile site. You will need to download all the information prior to attending. You can download for printing or download onto your laptop or other electronic device to bring with you.
Program Outline: (attend one, two, or three days) – (Delivery Method: Group-Live/Group Internet Based)
Presentations will utilize the following:
- Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (“Uniform Guidance”)
- OMB 2 CFR Part 200, Appendix XI Compliance Supplement (August 2019 or later)
- 2016 edition of the U.S. Department of Education’s Guide for Audits of Proprietary Schools and For Compliance Attestation
Engagements of Third-Party Servicers Administering Title IV Programs including:
- Dear CPA Letter CPA-19-01: Amendments to September 2016 Audit Guide Student Information Security (issued October 30, 2019)
- Frequently Asked Questions for the Guide for Audits of Proprietary Schools and For Compliance Attestation Engagements of
Third-Party Servicers Administering Title IV Programs (Revised July 31, 2019)
- sample reports and documents
- other available materials and other information will be available to all participants on the SFA Audit Seminar Sharefile site.
SFA Day One
(Basic – 8 CPE credits)
Designed to provide the participant with a comprehensive review of the current regulations for student financial aid programs, the numerous forms and procedures used to administer these programs, and the proper management of the programs by institutional personnel. Topics will include:
- Overview of Title IV and other Student Financial Assistance Programs including: Perkins Loan, Work Study,
FSEOG, Pell Grant, ISAG Grant, Direct Loans, Teach Grant.
- Institutional responsibilities for cash management and reporting.
- Introduction to the student aid delivery process (Part I): student application, student eligibility, needs analysis, etc.
- Specific audit steps related to the above topics.
SFA Day Two
(Intermediate – 8 CPE credits)
Presumes a general understanding of the information offered on Day One and focuses on additional detailed technical requirements and procedures of the audit.
Day Two can also serve as a one-day update for an experienced practitioner who is already familiar with the SFA programs. Topics will include:
- Introduction to the student aid delivery process (Part II): Disbursements.
- Institutional eligibility issues: program participation agreement, financial responsibility, administrative capability, etc.
- Student Financial Assistance programs update and review: what’s new in 2019-2020, changes in the audit
environment, changes in the rules and regulations, available audit guidance, etc.
- Audit reporting: Uniform Guidance (formerly A-133) and Ed Audit Guide.
- Specific audit steps related to the above topics.
SFA Day Three
(Intermediate – 8 CPE credits)
Presumes a general understanding of the information offered on Day One and Day Two and focuses on additional
detailed technical requirements and procedures of the audit. Topics will include:
- Return of Title IV funds
- Student File Review
- Fraud and the compliance audit engagement
- Composite Score Standard
- 90/10 Revenue Test
- Specific audit steps related to the above topics
After completing this course, you will be able to:
- Identify the Title IV Student Financial Assistance programs, including the Federal Pell Grant program, the Federal Direct Loan program; and the campus-based programs, including the Federal Supplemental Education Opportunity Grant program and the Federal Work-Study program.
- List the steps of the cash management and reporting processes.
- Differentiate the basics of Institutional eligibility, student eligibility, needs analysis, packaging, awarding and disbursing Title IV program funds and the Return to Title IV (“R2T4”) process.
- Identify recent changes to the laws and regulations governing the Title IV programs.
- Perform basic audit procedures and identify, evaluate, report, and explain audit findings.
- List the steps of the student file review process.
ABOUT OUR INSTRUCTORS
Donya J. Fowler, CPA
Partner, TJS Deemer Dana LLP
Mrs. Fowler obtained her CPA certificate in 2000 and has over 15 years of experience in public accounting. In her role at TJS Deemer Dana LLP, she manages and leads the Education Services Group, which specializes in providing audit and attestation work for the postsecondary education industry. Mrs. Fowler spends all of her professional time supervising and working on financial statement audits and Title IV Compliance audits for both for-profit and nonprofit institutions. She holds multiple state reciprocal licenses.
Jonathan Russell, CPA
Manager, TJS Deemer Dana LLP
Mr. Russell is a graduate of Florida State University with his Bachelor of Science in Finance and Accounting (2009) and a Master of Accounting (2010). Mr. Russell obtained his CPA certificate in 2012 in the great state of Georgia. He joined TJS Deemer Dana LLP in 2010 and has spent the majority of his professional career serving institutions of higher learning by performing financial statement audits and Title IV compliance audits. This is Mr. Russell’s second year teaching this seminar.
Senior Compliance Auditor, TJS Deemer Dana LLP
Mr. Lage brings over fifteen years of experience of Title IV Operations and Compliance for postsecondary educational institutions. His experience in working for non-term institutions has enabled him to become a subject matter expert in student aid programs, and he strives for continuous learning and being agile as state and federal regulations rapidly change. Mr. Lage’s experience provides an insider’s perspective on educational institutions and their financial aid departments.
Kenneth P. Wood, CPA, MBA
Partner, TJS Deemer Dana LLP
Mr. Wood graduated from Furman University in 1991 with a Bachelor of Arts degree with a major in Accounting. In 1996, he graduated from Clemson University with a Master of Business Administration. Mr. Wood obtained his CPA certificate in 1993 (South Carolina) and holds reciprocal licenses in most states. He has twenty-eight years of public accounting experience as an auditor. In 1998, Mr. Wood began his foray into the audits of Federal Student Financial Assistance Programs. Since 1998, Mr. Wood has spent the majority of his professional time serving institutions of higher learning. Mr. Wood has been an instructor for this seminar since 2004.
Robert M. Turner, DBA
Assistant Dean for Recruitment, Associate Professor of Accounting, Babson College
Prior to becoming a full-time faculty member, Prof. Turner had two years of public accounting experience and nine years of college administrative experience, including terms as Director of Financial Aid at both Le Moyne College (NY) and Boston College. He is the co-author of several articles and the co-author (with Prof. Collins) of “Basic Financial Statements” in NACUBO’s Financial and Reporting Manual (1991) and the Student Financial Aid chapter in Wiley’s Reinventing the University (1996). Like Prof. Collins, he has been an instructor for this seminar since 1982.
J. Stephen Collins, PhD, CPA
Associate Professor of Accounting, University of Massachusetts at Lowell
Prior to becoming a full-time faculty member in 1980, Prof. Collins was Director of Financial Aid at Boston College for nine years and managed one of the 20 largest federal SFA programs in the United States during that time. He is the author of the NACUBO SFA Audit Program (2006) and the co-author of the Student Financial Aid chapters in NACUBO’s College and University Business Administration (2000) and Wiley’s Reinventing the University (1996). Prof. Collins developed the seminar in 1982.
DATES AND HOTEL
Atlanta, GA – August 3, 4, & 5, 2020
When you register, select In-Person or Online.
For Online Registrants – Seminar reservation cut off date: July 29, 2020
For In-Person Registrants – Seminar reservation cut off date: July 23, 2020
Renaissance Atlanta Airport Gateway Hotel
Click here to view Marriott’s Commitment to Clean – Marriott Commitment to Clean.
HOTEL ROOM BOOKING:
If you plan on staying at the seminar site hotel, please contact the hotel directly to make your reservation. Please reference the SFA Audit Seminar group to receive the contracted group rate. Also please make sure your reservation is booked prior to the hotel cutoff date listed below.
Renaissance Atlanta Airport Gateway Hotel, Atlanta, GA
August 3, 4, & 5, 2020
Hotel Cutoff date: Monday, July 13, 2020, 5:00 PM EST
Guest Room Rate: $159.00 plus tax, plus $5.00 per night State of Georgia Hotel Motel fee
Reference SFA Audit Seminars for group rate
(800) 468-3571 or (470) 306-0100
or reserve your room online Book your group rate for SFA Audit Seminars – Atlanta
FORMAT & SEMINAR HOURS
The general format will be group live/group internet based lecture, discussion, and exercises/cases, using over 3,000 pages of reference material. Dress is business casual. Coffee and a continental breakfast will be available at 7:00 a.m. The seminars will begin promptly at 8:00 a.m. and will end no later than 4:15 p.m. each day. Please make travel plans accordingly; allow at least 2 hours to travel to the airport and check in.
The three-day SFA Audit Seminar will offer 24 CPE Credits (8 for Day One, 8 for Day Two & 8 for Day Three), all prorated for partial attendance. All participants will be sent a certificate of attendance. Final authority on the acceptance of courses, however, always rests with the individual state boards. The type of CPE credit given is Auditing (Governmental) and is yellow book qualified.
FEES & CANCELLATION POLICY
The fee for the SFA Audit Seminar for one person is
$1,075 (three days)
$875 (two days)
$675 (one day)
Groups of 5 or more registrations from the same organization can receive a 10% discount.
Contact Laura Hibberts for details.
Fees include daily continental breakfast, breaks, and lunch (for in-person attendees); and over 3,000 pages of reference material.
Please remit the fee with your completed online registration by the
seminar registration cut-off date of July 23, 2020 for SFA Seminars 2020 (Atlanta, GA)
You may register online with credit card payment by clicking the “Register Now” button above, or contact Laura Hibberts at (912) 238-1001.
For check payment, enclose a check payable to SFA Audit Seminars and mail to
ATTN: SFA Audit Seminars
118 Park of Commerce Drive, Suite 200
Savannah, GA 31405
Participant cancellations and or changes received more than 21 days before the selected seminar date will be subject to NO service charge. Participant cancellations received 8-21 days before the selected seminar date will be subject to a $100 service charge for each seminar day. Participant changes (such as seminar site or substitutions) received 8-21 days before the selected seminar date will be subject to a $100 service charge. No refunds will be given for cancellations received less than 7 days before the selected seminar. Any participant changes (such as seminar site or substitutions) received less than 7 days before the selected seminar will be subject to a $100 service charge for each seminar day.
NOTE: Although all seminars since 1982 have run as scheduled, we cannot be responsible for participant travel expenses if circumstances should cause a seminar to be cancelled.
We will confirm your registration in writing and provide you with additional guidelines and travel information at that time. For more information regarding administrative policies such as complaint and refund, or if you have any other questions, please contact Laura Hibberts
directly at (912) 238-1001 or .
Thank you for your interest in SFA Audit Seminars!
TJS Deemer Dana LLP d/b/a SFA Audit Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.NASBARegistry.org/
® 2020 SFA Audit Seminars