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Publications

Not-for-Profit Entities Industry Developments - Audit Risk Alert

Publisher: AICPA
  • $39.00-$49.00
    Not-for-Profit Entities Industry Developments - Audit Risk Alert In Stock Product #: ARANFP16P
    AICPA Member: $39.00
    Non-Member: $49.00
  • $29.00-$39.00
    Not-for-Profit Entities Industry Developments - Audit Risk Alert eBook Download Product #: ARANFP16E
    AICPA Member: $29.00
    Non-Member: $39.00

This Alert helps you identify important current developments affecting not-for-profit entities and the issues auditors may face as a result of these developments. You’ll find targeted discussion of emerging practice issues, plus current economic, accounting and auditing developments.

Key Benefits:

Among other topics, this Alert focuses on risks related to recent NFP trends, going concern, revenue recognition, and fair value issues. Also included is a discussion of recent and planned IRS activity with regard to NFPs.

This alert also includes information on emerging issues such as:

  • Measuring the effectiveness of nonprofits
  • Alternative investment considerations
  • Going concern
  • IRS exempt organizations activities
  • FASB not-for-profit standard-setting activity
  • UPMIFA policies

Updates

  • FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)
  • FASB ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern
  • FASB ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
  • FASB ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs
  • FASB ASU No. 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)
  • FASB ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10):  Recognition and Measurement of Financial Assets and Financial Liabilities

Who Will Benefit:

  • Audit and accounting firms with nonprofit engagements
  • Financial managers at nonprofit organizations

Bundle and Save

This product is available as part of discounted Online Subscription Bundle that includes the corresponding Not-for-Profit - Audit and Accounting Guide, content updates and unlimited online access for 1 year. Click here, and then select the "Online Subscription" option at the bottom of that page to purchase.

–OR–

Get even more value with the Not-for-Profit Entities: Audit & Accounting Set. This convenient bundle gives you access to the full range of Not-for-Profit content offered by the AICPA, at a significant savings off the price if purchased separately. This online bundle includes how-to advice and authoritative guidance, valuable discussion, best practices, and much more. Follow the link above for more details.

Discounts

Not-for-Profit Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 service@aicpa.org. Find out more information on the NFP Section.

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.