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 #: ARANFP17P
    AICPA Member: $39.00
    Non-Member: $49.00
  • $29.00-$39.00
    Not-for-Profit Entities Industry Developments - Audit Risk Alert eBook Download Product #: ARANFP17E
    AICPA Member: $29.00
    Non-Member: $39.00

From going concern to leases, this alert will help you identify important developments affecting not-for-profit entities and the issues auditors may face as a result. You’ll find targeted discussion of emerging practice issues, plus current economic, accounting and auditing developments. As well, you will learn about opportunities for early implementation of ASU 2016-14. Updates from last year include:

  • FASB Not-for-Profit Financial Statement Standard, ASU 2016-14
  • Leases
  • Going Concern Audit Standard

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 regarding NFPs. This alert also includes information on emerging issues such as:

  • Measuring the Effectiveness of not-for-profits
  • Alternative investment considerations
  • Going Concern
  • IRS Exempt Organizations Activities
  • FASB Not-for-Profit Standard-setting Activity


  • SAS No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern
  • FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities
  • FASB ASU No. 2017-02, Not-for-Profit Entities—Consolidation (Subtopic 958-810): Clarifying When a Not-for-Profit Entity That Is a General Partner or a Limited Partner Should Consolidate a For-Profit Limited Partnership or Similar Entity
  • FASB ASU 2016-02, Leases (Topic 842)

Who Will Benefit

This comprehensive alert addresses the many aspects of specialized auditing and accounting for not-for-profit organizations. It has been designed to be beneficial for a wide range of members, including auditing and accounting firms with nonprofit engagements, as well as 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.


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.


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 or service@aicpa.org. Find out more information on the NFP Section.

Information about the eBook option

If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:

  • Download and activate Adobe Digital Editions® - a free program for accessing eBooks
  • Return to the AICPA Store and go to My Account > My Downloads
  • Click the eBook title to download and open automatically in Adobe Digital Editions

Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the AICPA Store Service Center at service@aicpa.org or call 888-777-7077.

Table of Contents

System Requirements

About the Publisher


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.

Product Reviews