Compliance Potpourri!

Three Topics: State Authorization Reciprocity Agreement, Federal Cybersecurity Regulations, and Compliance Programs

In this Baker Tilly and ACUA webinar, a panel of experts discussed several compliance related topics to provide key updates related to frequently asked compliance topics for a “compliance potpourri” overview. This webinar provided helpful insights on the following topics:

• State Authorization Reciprocity Agreement (SARA)
  
• Update on Federal Cybersecurity Requirements
  
• Compliance Programs & Internal Audit
  
• SARA is voluntary for states and institutions, however, it provides a framework for institutions with distance learning programs to become compliant with Department of Education regulations to register in all states where the distance learning programs have students and alleviate institutions from having to register in each state individually
• Panelist will provide an overview of SARA and key challenges, as well as steps and tips to be compliant
• Key compliance areas that govern cybersecurity safeguards including Defense Federal Acquisition Regulation Supplement (DFARS) rule 202.252-7012 for protecting Defense Department data related to contracts and grants and Gramm-Leach-Bliley Act (GLBA) for safeguarding student data related to student financial aid programs
• Panelist will discuss DFARS and GLBA requirements for higher education institutions
• Panelist will provide higher education scenarios for successful collaboration practices between internal audit and compliance for an effective compliance program

Key Learning Objectives

Attendees should be able to do the following upon conclusion of the webinar:

• Understand how to leverage the SARA framework to be in compliance with Department of Education’s regulations regarding state authorization
• Identify opportunities to enhance cybersecurity program safeguards related to compliance requirements under DFARS and GLBA
• Leverage leading practices on collaboration initiatives for internal audit and compliance to effectively address key regulatory requirements

For more information on this topic, or to learn how Baker Tilly professional services specialists can help, contact our team.