Learn the latest accounting and auditing developments affecting not-for-profits so that accountants, auditors, and financial managers can prepare financial statements with confidence. This work covers new FASB requirements and information on the latest OMB and Yellow Book developments. It features major program determination and case studies related to revenue recognition and auditing documentation and covers hot topics including:
NFP financial statements
Risk assessment
Documentation
Leases
Yellow Book
Major program determination Key changes
GASB updates including GASB Statement No. 91, Conduit Debt Obligations
AICPA activities including changes to the auditor’s report
FASB updates including revenue recognition, grants and contracts, updating the definition of collections, and implementation issue surrounding the financial reporting standard
Federal government activities including updates to the Compliance Supplement and proposed changes to the Uniform Guidance
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