Concordia University Chicago Selects Sikich for Audit, Tax Services

Concordia University Chicago has selected Naperville, Ill.-based Sikich (FY14 net revenue of $106.7 million) to audit the university’s financial statements and provide tax consulting guidance and review services.

The engagement will be led by Sikich’s Frank Jakosz, who has more than 40 years of experience in public accounting and leads Sikich’s not-for-profit and higher education practices. In addition to the audit of the financial statements, Sikich will perform a student financial assistance audit and provide ongoing guidance to ensure Concordia-Chicago remains aware of all Financial Accounting Standards Board (FASB) regulations for not-for-profit organizations.

“As a university, it is imperative we comply with the federal rules governing our finances,” says Tom Hallett, CFO of Concordia University Chicago. “Sikich’s long and proven history of work with colleges and universities and deep knowledge of the financial rules and regulations in the higher education industry will help us optimize our financial practices and ensure continuous compliance.”

Sikich audits more colleges and universities in Illinois than any other CPA firm, according to the 2014 Federal Audit Clearinghouse.

Founded in 1864, Concordia University Chicago is a member of the nationwide Concordia University System and is affiliated with The Lutheran Church-Missouri Synod. Located in River Forest, Ill., it has a total enrollment of nearly 5,000 students.