The U.S. Department of Education (the Department) issued a regulation titled Financial Responsibility, Administrative Capability, Certification Procedures, Ability To Benefit (ATB), which includes a requirement for institutions of higher education that participate in financial assistance programs under Title IV of the Higher Education Act (institutions) to disclose in their financial statements all related party transactions based on the definition set forth in FASB Accounting Standards Codification (FASB ASC) 850, Related Party Disclosures. It also requires additional identifying information
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TQA 6960.13: Guidance Related to Dept. of ED Related Party Disclosures
Jun 21, 2024 · 1 min read
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Download the CPEA alert - June 2024 - TQA 6960.13 Guidance Related to Dept of ED Related Party Disclosures
File name: cpea-alert-june-2024-tqa-6960-13-guidance-related-to-dept-of-ed-related-party-disclosures.pdf
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