The New Accounting Standard Has Arrived: What it Means for Not-for-Profits
- December 4, 2016
written by Eric Lampe The new accounting standard (ASU 2016-14) was issued in August in order to update the current model...
New Partnership Audit Rules – How do I opt-in?
- October 23, 2016
written by Kami Bailey The IRS has issued temporary regulations that explain how a partnership can opt in to the new...
SSARS 21 – Changes to Compilation, Review, and Financial Statement Preparation Engagements
- November 15, 2015
written by Aaron Spencer Consistent with recent changes to other accounting and auditing pronouncements, the AICPA has clarified standards governing the...
New Guidelines for Not-for-Profits that Receive Federal Funds
- November 9, 2015
written by Aaron Spencer On December 26, 2014, the White House Office of Management & Budget (OMB) implemented new federal regulations:...
Single Audit Requirements for 2015
- April 15, 2015
written by Eric Lampe Not-for-profits, government entities, school districts, and private entities that receive and spend Federal assistance are finally getting...
FASB Issued Change to Treatment of Debt Issuance Costs
- April 13, 2015
written by Chelsey Dollarhide On April 7, 2015, the Financial Accounting Standards Board (FASB) issued an accounting standards update with the...
AICPA Approves Clarified Standards for Reviews and Compilations
- November 23, 2014
written by Aaron Spencer During its August meeting, the AICPA Accounting and Review Services Committee voted to approve clarified and revised...