Institutional Financial Support (Standard 6.1)
Why does the CAA review financial data annually?
As an accrediting agency recognized by USDE, the CAA is required to collect and analyze key data and indicators as part of its regular monitoring activities of accredited programs, for which the USDE Criteria for Recognition specifies must include a program’s fiscal information to support continued compliance with the accreditation standards. Hence, the CAA asks programs to provide data each year about the financial sources and amounts, as well as providing opportunity to describe the sufficiency of the financial support to ensure that the mission and goals of the program can be met. The CAA can regularly monitor changes in the program’s fiscal stability through this reporting process.