Colleges and universities face a unique set of priorities and business challenges. Competition for resources among universities of all types is fierce, and in an environment of rising regulatory and reporting requirements, it is more important than ever to stay at the forefront of these issues.

One of the most prevalent issues facing educational institutions today is the management of student financial aid, as the federal government requires extensive testing and regulatory compliance regarding eligibility and reporting requirements. MFR has consistently worked to improve our level of service to institutions of higher learning through active involvement in the industry and dedication of resources.

Our leadership team has provided more than 15 years of combined service to the community college sector alone. To help our clients address the competitive issues they face today, we regularly participate in the annual Texas Association of Community College Business Officers conference. MFR is also a member of the American Institute of Certified Public Accountants’ Government Audit Quality Center. As such, we have a designated principal responsible for overseeing our government audit practice, which includes providing industry-specific training.

The MFR team assists educational institutions in the following specific areas:

• Annual financial reporting and single audits
• Grant audit compliance
• Bonds issuance
• Internal audit services
• Public Funds Investment Act compliance

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