Unintended Consequences of an Audit Deadline Extension and Your Financial Responsibility ratios.
June 29, 2020
On May 15, 2020 the Department of Education (ED) officially extended the audit deadline by 6 months, giving schools added flexibility for audit submissions. Schools with fiscal years ending on December 31, 2019, will now be able to submit their audits as late as December 31, 2020. This comes as…