Higher Education


Professional, Proactive, Precise.

O’Connor & Drew, P.C.’s higher education practice is comprised of a large group of highly-trained accounting professionals who service more than 50 public and private institutions and related entities and associations. Our team is well versed in the numerous complexities of the industry, offering accounting advice catered to the institutions’ unique needs and financial objectives

Accounting Services for Higher Education Institutions

Meeting Unique Financial Objectives

We are aware that although institutions have numerous similarities, each one has its own unique short-term and long-term objectives. At O’Connor & Drew, P.C., we cater directly to these needs and objectives and partner with each institution to help to meet their financial goals, protect their interests, and provide strategic advice along the way. Our higher education practice is proud to offer a comprehensive service portfolio to our clients. The portfolio framework consists of the following service categories: Audit, Compliance, Tax, IT Audit, Business Consulting, and Employee Benefits.

Service Areas


  • Annual Audits of Financial Statements
  • Annual Audits of Related Institution’s Foundations Financial Statements


  • Compliance over Student Financial Aid Expenditures
  • Federal Perkins Loan Termination Procedures
  • NCAA Compliance Procedures


  • Tax Services, including Analysis of Unrelated Business Income

Employee Benefits

  • Annual Audits of 403(b) Plans

Business Consulting

  • Customized Consulting Specifically Tailored to your needs
  • Interim Internal Accounting Assistance
  • Board of Trustees / Directors Support and Development

Our Higher Education Practice

All higher education client engagements are closely supervised by David DiIulis, who has more than 20 years of audit experience with colleges and universities and has an in-depth understanding of the higher education business environment. David has conducted presentations at various CFO and controller’s meetings organized by the Massachusetts State and Community Colleges. He also writes and publishes various business articles for higher education publications, and is actively involved with the National Association of College and University Business Officers (NACUBO) and the Eastern Association of College and University Business Officers (EACUBO), among other organizations.

David A DiIulis

Principal, CPA, MBA

Michael Cosgrove

Principal, CPA, MSM

Lauren A, Carnes

Principal, CPA, MST

Kimberly A, Reed

Principal, CPA

Michael Hammond


About O’Connor & Drew

O’Connor & Drew, P.C. is a full-service accounting firm that has provided its clients with the highest level of professional accounting, tax, and business consulting services for the last 70 years.  O’Connor & Drew, P.C. is highly-experienced and deeply committed to providing proactive financial and business advice to colleges and universities. We take great pride in offering a full-service profolio for colleges and universities.

Accounting Services for Higher Education Institutions


We actively belong to various key industry associations including but not limited to actively sponsoring the Association of Independent College and Universities in Massachusetts (AICUM), the New England Board of Higher Education (NEBHE), New England Commission of Higher Education (NECHE), and the New England Associations of Schools and Colleges (NEASC) and we regularly attend seminars organized by NACUBO and EACUBO.

Contact Us


We would love the opportunity to discuss what we can do for your institution.