Invoices 2980703 and 2956326 Perform various tasks to assist SCHEV management in implementing GASB…

FORVIS MAZARS LLP has been awarded a contract by the State Council of Higher Education for Virginia (SCHEV) to provide professional advisory services related to the implementation of Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements. The contract was awarded on August 19, 2026, with a cumulative value of $1,113.00. The deliverables include analysis of contracts for applicability under GASB 96 standards and assistance in drafting journal entries to record applicable contracts in accordance with the new accounting framework.

The statement of work specifies two hours of billable services at a unit rate of $556.50 per hour, with deliverables directed to Kamisha Jackson at SCHEV. The engagement is focused on assisting SCHEV management in the technical implementation requirements of GASB 96, which establishes new accounting and financial reporting standards for subscription-based information technology arrangements. This limited-scope engagement represents a specialized professional services contract to support the organization's compliance with updated financial reporting requirements.