Not-for-Profit Entities Audit and Accounting Guide

Updated as of March 1, 2013, this is the first comprehensive revision of the guide since 1996. Relevant AICPA literature has been incorporated, and the authoritative auditing content of the guide has been fully conformed to changes resulting from the ASB Clarity Project.

Get the Advice You Need Directly from Industry Experts

This guide provides assistance in the unique preparation, auditing, accounting and reporting of financial statements for not-for-profit entities. All content is reviewed by industry experts and approved by the appropriate AICPA senior technical committees.

• the unique accounting and auditing issues for not-for-profit entities
• reporting relationships with other entities
• reporting and measuring noncash gifts
• expiration of donor-imposed restrictions
• program-related investments and microfinance loans
• principles for reporting net assets and related disclosures
• accounting for contributions and receivables
• accounting for reporting investments
• auditing net asset classification and revenue and expense recognition

The basis for the accounting content is the authoritative guidance from the FASB Accounting Standards Codification, which has been supplemented with plain-English explanations, examples and guidance and recommendations from FinREC conclusions.

Don’t be without the most trusted and up-to-date not-for-profit audit and accounting information available.

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