Through careful and responsible stewardship, Assumption University has cone again maintained a strong statement of financial position despite the demographic challenges facing the higher education industry and the COVID-19 pandemic.
Per requirements of the Commonwealth of Massachusetts and in compliance with the Act to Support Improved Financial Stability in Higher Education, Assumption University is pleased to make available the below Audited Financial Statements. The Act requires institutions of higher learning in the Commonwealth to “post on its website a copy of the institution’s annual financial report or statement…and a summary of the report, however termed, that is written in terms that are understandable by the general public.”
RSM US LLP has completed their independent audit of Assumption College’s FY 2019 financial statements and issued an unmodified opinion. You are invited read details of the University’s success in maintaining a strong and solid statement of financial position.