Accrediting Council for Continuing Education and Training Inc

“The form 990 was prepared by accets independent cpa. A copy was provided to the executive committee before being filed with the irs.”

“Accet is reviewed and listed by the u.s. Secretary of education as a reliable authority in the conduct of its accreditation function. The oversight/recognition process required clear and effective protections against potential conflicts of interest, which the commission and staff follow regularly and consistently. Annual sign-offs by commissioners on the policy statements; weekly staff meetings and regular commission meetings maintain transparency on the wide array of policy and procedural issues central to the integrity of accreditation. The purpose of accets conflict of interest policy is to protect the financial interests of the commission when it is contemplating entering into a transaction or arrangement that might benefit the private interest of a commissioner, officer, or member of a committee designated by the commission. This policy is intended to supplement but not replace any applicable state or federal laws governing conflicts of interest for charitable and/or nonprofit organizations. Provided below are the procedures for addressing conflict of interest, which are excerpted from the accet commission code of conduct policy: 1. Duty to disclose: in connection with any possible or actual conflict of interest, an interested person must disclose the existence of a financial interest and be given an opportunity to disclose all relevant facts to the executive committee which may delegate this review to an audit committee. 2. Determining whether a conflict of interest exists: after disclosure of the financial interest and all relevant facts, and after any discussion with the interested party, the person recuses himself/herself while the determination of a conflict of interest is discussed and voted upon. The remaining committee members determines if a conflict exists. 3. Procedures for addressing the conflict of interest: a. An interested party may make a presentation at the committee meeting, but after the presentation, the person leaves the meeting during the discussion and vote on the transaction or arrangement involving the possible conflict of interest. B. The executive committee may appoint an audit committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the committee determines whether accet can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably available under circumstances not producing a conflict of interest, the committee determines by a majority vote of the disinterested members whether the transaction or arrangement is in accets best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it makes its decision as to whether to enter into the transaction or arrangement. 4. Violations of the conflict of interest policy: a. If the committee has reasonable cause to believe a person has failed to disclose actual or possible conflicts of interest, it informs the person of the basis for such belief and affords the person an opportunity to explain the alleged failure to disclose. B. If, after hearing the persons response and after making further investigation as warranted by the circumstances, the committee determines the person has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“Accets executive director is subject to an annual review and evaluation by the executive committee. Following its deliberation in closed session, the executive director is apprised of the results and the process is documented. Comparative data has been used periodically, approximately every third year. The last compensation review ocurred from january to february 2022.”

“Accet posts its governing documents on its website (www.accet.org), including the accet commission code of conduct policy identifying specific policy and procedures relative to conflict of interest, which are under regular review and revision by the commission. Accets annual financial audits are available upon request.”