McClintock and Associates (MA) and Hogan Marren Babbo and Rose (HMBR) have collaborated on the following article:

Best Practices For Accounting And Disbursing Allocations From The Higher Education Emergency Relief Fund

The article can be found on both websites:
https://www.hmbr.com/news-insight/best-practices-for-accounting-and-disbursing-allocations-from-the-higher-education-emergency-relief-fund/

https://www.mcclintockcpa.com/best-practices-for-accounting-and-disbursing-allocations-from-the-higher-education-emergency-relief-fund/

In furtherance of helping institutions understand and maintain CARES Act compliance, HMBR and MA have also collaborated on a template form outlining the reporting requirements under Section 18004 of the CARES Act.  The form is available as a link within the article.  Please feel free to reach out with any questions via email to:

Mike Wherry, CPA
Audrey Kaplan, Partner