Renee

Bishop

Principal | CPA

p.207.991.5158

f.207.991.5158

"Intelligence is something we are born with. Thinking is a skill that must be learned."

- Edward de Bono

Keeping clients abreast of the latest changes in financial reporting—from Perkins Loan Closeout Audits for Higher Education to the latest FASB updates


Renee keeps her college and university and other not-for-profit clients up-to-date on the latest developments in financial reporting and operations by sending out information from NACUBO, EACUBO, FASB and GASB. She also understands the unique set of issues each of her manufacturing clients face and enjoys developing strategies to address their particular needs.


As Principal, Renee leads the Healthcare and Not-for-Profit Industry Groups. Since joining the firm in 1993, she has focused primarily on auditing and consulting with a variety of higher education institutions and other not-for-profit clients.  She works with clients and boards to understand and effectively employ new audit and accounting pronouncements and best financial practices. She has extensive experience in many areas of higher education, including federal funds auditing, indirect cost rate development and Perkins liquidation audits. During the not-for-profit off-season, she works with manufacturing and other commercial companies, providing traditional services along with advice on financial and operational strategies that make an impact on business success.

Experience Highlights:

Renee helps clients with a variety of issues including:

  • Strategic business planning
  • Financing, including assistance with negotiating with lenders, debt covenant structure and compliance
  • Federal and state compliance auditing, including Perkins liquidation audits
  • Disseminating communications on higher education finance reporting
  • Mastering the OMB Super Circular
  • Managing and reporting on operating reserves

Publications and Presentations:

  • Endowments and Their Purpose - Fundriver Conference 2017
  • GASB Accounting Update - Fundriver Conference 2017
  • Audit and Accounting Update
  • Best Practices in Board Governance
  • Accounting for Split-Interest Agreements
  • Understanding UPMIFA
  • Understanding the New Form 990

Memberships and Committees:

  • American Institute of Certified Public Accountants
  • Maine Society of Certified Public Accountants
  • National Association of College and University Business Officers
  • Independent School Association of Northern New England
  • Massachusetts Nonprofit Network

Community Service:

  • Good Samaritan Agency, Board of Directors, Past President
  • United Way of Eastern Maine, Board of Directors, Past Treasurer
  • YMCA of Bangor, Board of Directors

Certification

  • CPA

d:207.991.5158