Colleges and Universities

Accounting, Auditing, and Advisory Services for Colleges and Universities

Through our CPA firm Bonadio & Co., LLP, The Bonadio Group currently audits nearly a dozen colleges and universities in the upstate New York area. No other firm in upstate New York has comparable experience in this sector. Bonadio is committed to growing its college and university practice and we have developed an infrastructure to support this sector.

We are well versed in areas such as alternative investments, restricted contributions, split-interest gifts, grants, student financial aid, tax-exempt financing, interest rate swaps and UBIT.

We serve several clients with endowment funds in excess of $100 million. Bonadio prepares over 300 IRS Forms 990 and performs over 100 audits of government grants, in accordance with Government Auditing Standards and OMB Circular A-133, on an annual basis.

The resources we can bring to our college and university clientele is extensive. Our team has expertise in performing quality and comprehensive traditional audit and tax services for educational entities, as well as delivering a wide variety of management advisory services.

In addition to helping you meet your assurance obligations through audits of unsurpassed quality and value, we can help you deal with a variety of issues, including but not limited to:

• Cost containment and savings assessments
• IT systems, risk management and IT -related compliance activities
• Retirement plan audits
• Protecting your institution and its reputation from fraud, waste, and abuse
• Internal audit and internal control assessment, remediation, documentation, and testing