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