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Higher Education

With increasing competitiveness and changing regulations, higher education institutions face financial, educational and technological hurdles. Armanino has worked with numerous colleges and universities, and we combine this deep expertise with data-driven analysis and the right software solutions to help our clients meet today’s challenges and better prepare for the future.

Trends in Higher Education: Consolidation, Collaboration and Partnerships

Trends in Higher Education: Consolidation, Collaboration and Partnerships

The U.S. higher education sector faces an uncertain future. Costs continue to climb as enrollments, state funding and philanthropic giving are on the decline.
Accounting for Contributions Received and Made for Private Nonprofit Colleges and Universities

Accounting for Contributions Received and Made for Private Nonprofit Colleges and Universities

On August 3, 2017, the Financial Accounting Standards Board released an exposure draft that will clarify and improve the scope and accounting guidance for contributions received and made.

Why Your Institution Is at High Risk of Cyberattack, and What to Do About It

Why Your Institution Is at High Risk of Cyberattack, and What to Do About It

In the last few years, cyberattacks have put many of the country’s leading institutions at risk. The largest breaches have affected hundreds of thousands of students, faculty and staff.

Our Approach

Armanino takes a holistic approach when working with CFOs and VPs of Finance at today’s leading public and private universities by addressing not just your compliance issues, but your underlying business challenges.

We go beyond providing audited financials. If you have not already, we can help you define what key performance metrics (KPIs) your university needs to use to measure your financial data. We’ll then provide the insight behind the metrics—assessing opportunities, weighing risks and exploring the practical implications to both your short- and long-term priorities. This will prove invaluable in making well-educated decisions about how best to operate your team, as well as your university or college.

We also understand the pain points higher education CFOs face every day including financial planning, data consolidation and rolling forecasting. We can assist public and private universities struggling to maintain multiple Excel budgets across departments. As your Adaptive Insights implementation partner, Armanino provides you with integration to Kuali and the confidence that comes from having experienced FP&A managers and CFOs provide you with best practice guidance so you can focus on your university’s strategic priorities.

What We Do

Audit & Review

Audit & Review

Your priorities (research, enrollment, sustainability and beyond) require support from the right financial partner. At Armanino, we work with a number of private colleges and universities with more than $350M in assets and more than $50M in investment portfolios and budgets. We have expertise conducting audits under OMB Circular A-133 and our firm is a member of the Governmental Audit Quality Center (GAQC).




Armanino has the resources and expertise to meet your needs, no matter how complicated or demanding including unrelated business income, Form 990 preparation and more. Our experts address key concerns and identify strategic tax-planning opportunities throughout the year—not just during tax season.




Armanino provides a full range of specialized services to meet the operational, financial and strategic needs of colleges and universities. Our team can provide bookkeepers to take care of all of your accounting, or we can do project work as needed. We can also help automate your budgeting and forecasting through our Adaptive Insights software solution.




Henley-Putnam University

The team at Armanino LLP has been responsive and timely in all of their quality work performed for Henley-Putnam University, including audit, tax and stock option work. They have knowledgeable and dependable staff at all levels, making the engagements as easy on Henley-Putnam personnel as possible. The Board of Directors and Audit Committee have always unanimously selected Armanino LLP due to the quality of work performed at a cost effective price.

James P. Killin
President, Henley-Putnam University

Menlo College

Armanino LLP brings a deep level of knowledge about Menlo College, as well as the higher education industry. They also exhibit attention to detail at just the right level. In combination, those attributes allow Armanino LLP to deliver appropriate and meaningful information to management and the Board of Menlo College.

Steven Weiner
Executive Vice President, Menlo College

Meristem Inc.

Last year, I hired Armanino, and I couldn’t be more satisfied. Anyone who has undergone an audit will tell you how long and demanding the engagement can be on you and your staff. However, Armanino brought many resources to reduce the demand, stress, and timeline of the engagement.

Their portal provided Meristem’s financial staff with time-saving features. For example, the portal not only provided us the pull list, but also allowed us to upload the document directly into their software checking the task off your list. This helped us delegate and manage the workload. It also eliminated the multiple requests for the same documents from our auditors.

Additionally, Armanino brought experienced and an appropriate number of staff to complete the audit on time and on budget. I highly recommend Armanino for your External Audit and Tax Services.

Dainna McArthur
Chief Financial Officer, Meristem Inc.

Sofia University

We have been working with Armanino for three years. They have provided us with outstanding audit and tax services. Their talented auditors are friendly, knowledgeable and extremely professional. They make the auditing process very interactive and painless. They will do everything within their power to answer our questions, provide assistance, share information regarding regulation changes, and clarify our understanding of the best accounting practices. I would recommend Armanino to anyone in need of a high-quality accounting firm.

Liz Li
President, Sofia University

Our Team

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