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Review of Compliance with the NCAA Financial Data Reporting Requirements. Sedong John, SFSR Chancellor’s Office Year-End GAAP Training April 18, 2014. Background Information. NCAA stands for National Collegiate Athletic Association.

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Review of compliance with the ncaa financial data reporting requirements

Review of Compliance with the NCAA Financial Data Reporting Requirements

Sedong John, SFSR

Chancellor’s Office

Year-End GAAP Training

April 18, 2014


Background information
Background Information Requirements

  • NCAA stands for National Collegiate Athletic Association.

  • Prior to FY 2012/13, compliance was left to individual campuses.

  • Starting with FY 2012/13, SFSR was tasked to review campus compliance with the NCAA financial data reporting requirements and report the results to the CSU Board of Trustees.

GAAP Training 2014


Summary of the ncaa financial data reporting requirements see chapter 12 of the gaap manual
Summary of the NCAA Financial Data Reporting Requirements Requirements(see Chapter 12 of the GAAP Manual)

  • Division I Requirements

    • Annual Agreed-Upon Procedures (AUP) conducted by a qualified independent accountant

    • Annual submission of the financial data to the NCAA by 1/15

  • Division II Requirements

    • Triennial Agreed-Upon Procedures (AUP) conducted by a qualified independent accountant

    • Annual submission of the financial data to the NCAA by 1/15

GAAP Training 2014


Csu campuses in division categories
CSU Campuses in Division Categories Requirements

  • Division I campuses (9):

    • Bakersfield, Fresno, Fullerton, Long Beach, Northridge, Sacramento, San Diego, San Jose, San Luis Obispo

  • Division II campuses (11):

    • Chico, Dominguez Hills, East Bay, Humboldt, Los Angeles, Monterey Bay, Pomona, San Bernardino, San Francisco, Sonoma, Stanislaus

  • No NCAA Athletic Programs (3):

    • Channel Islands, Maritime Academy, San Marcos

GAAP Training 2014


Results of sfsr s review of campus aup reports for fy 2012 13
Results of SFSR’s Review of Campus AUP Reports for FY 2012/13

  • 9 Division I campuses and 7 Division II campuses submitted the FY 2012/13 AUP reports to the CO.

  • Recommendations for improvement in some AUP reports (repeats may be reported to the BOT):

    • Insufficient details on the agreed-upon procedures performed

    • Lack of required notes and disclosures

    • Exceptions noted in the auditor’s report

GAAP Training 2014


Submission requirements to the co
Submission Requirements to the CO 2012/13

  • The following campuses must submit the AUP report to SFSR by 1/15/2015:

    • All Division I campuses

    • Division II campuses required to issue the AUP report for FY 2013/14 based on the three year cycle

  • SFSR will review the campus AUP reports to determine compliance with the NCAA requirements.

  • Upon concurrence from Audit & Advisory Services, the results will be reported to the BOT.

GAAP Training 2014


www.calstate.edu 2012/13

GAAP Training 2014


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