Audit Risk Alert

Not-for-profit auditor have a lot to consider as they navigate the pace of change in today's complex business environment. Many finance professionals serving the nonprofit sector are challenged with implementation of significant new accounting standards under U.S. GAAP, such as revenue recognition and accounting for not-for-profit grants and contracts.

Created for nonprofit finance and accounting staff, auditors, and board members alike, this alert features the most important...
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Not-for-profit auditor have a lot to consider as they navigate the pace of change in today's complex business environment. Many finance professionals serving the nonprofit sector are challenged with implementation of significant new accounting standards under U.S. GAAP, such as revenue recognition and accounting for not-for-profit grants and contracts.

Created for nonprofit finance and accounting staff, auditors, and board members alike, this alert features the most important developments affecting not-for-profit entities and the key issues auditors may face.

This guide covers all the changes on the horizon, including business environment issues like:

• Cybersecurity and outsourcing
• Accounting and auditing challenges (e.g., the implementation of FASB's not-for-profit financial statement presentation)
• Revenue recognition
• Leases standards