Audit Risk Alert
Not-for-Profit Entities Industry Developments, 2019
2nd Edition
Published on 6. September 2019
Book
Paperback/Softback
80 pages
978-1-948306-92-8 (ISBN)
Description
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
Delivered in an easily digestible format, this alert also covers legislative and regulatory issues such as unrelated business income tax, the "parking tax," and changes to IRS Form 990-T, as well as a discussion of the upcoming changes to the auditor's report.
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
Delivered in an easily digestible format, this alert also covers legislative and regulatory issues such as unrelated business income tax, the "parking tax," and changes to IRS Form 990-T, as well as a discussion of the upcoming changes to the auditor's report.
More details
Series
Edition
2nd edition
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Dimensions
Height: 224 mm
Width: 152 mm
Thickness: 9 mm
Weight
102 gr
ISBN-13
978-1-948306-92-8 (9781948306928)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Aicpa
AICPA F21 Placeholder_16
Strengthening Audit Integrity Safeguarding Financial Reporting Industry Developments
Book
08/2020
1st Edition
Wiley
Unfortunately, price unknown
Article is exhausted; no reprint
Previous edition
Book
06/2018
Wiley
€67.03
Article exhausted; check for reprint
Person
Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
Content
Not-for-Profit Entities Industry Developments - 2019 01-351
How This Alert Helps You 01-03
Economic and Industry Developments 04-57
The Current Economy 04-11
The State of NFPs 12-57
Legislative and Regulatory Developments 58-85
IRS Issue Snapshots 58
UBTI "Siloing" 59
The "Parking Tax" 60-65
Limited Relief for Organizations Subject to the Parking Tax 66-67
Excise Tax on Excess Compensation 68
Changes to Form 990-T 69
Form 990-T, Schedule M 70
Generally Accepted Accounting Principles Versus Form 990 Accounting 71-72
Sales Tax After the Wayfair Decision 73-74
Matters Affecting Higher Education 75-81
Matters Affecting Religious Organizations 82-85
Audit and Attestation Issues and Developments 86-140
Audit Risks for NFPs 86-88
Changes to the Auditor's Report 89-104
Data Analytics in Audits 105-111
Auditing Cryptocurrency Donations 112-117
Auditing Alternative Investments 118-121
Bonds Disguised as Loans 122
Fraud Trends at NFPs 123-134
New Yellow Book Independence Rules 135-140
Accounting Issues and Developments 141-280
Accounting Standards Updates 141-273
FASB Versus GASB for NFPs 274-280
Recent Pronouncements 281-283
Recent ASUs 282
Recently Issued Technical Questions and Answers 283
Recent AICPA Independence and Ethics Developments 284-291
AICPA Conceptual Framework Toolkits 284-285
New and Revised Interpretations 286-291
NFP Initiatives 292-305
Not-for-Profit Member Section 293-298
Not-for-Profit Certificate Programs 299-305
On the Horizon 306-328
Auditing Pipeline 308-324
Accounting Pipeline 325-328
Resource Central 329-350
Publications 330
Continuing Professional Education 331-334
Webcasts 335-336
Member Service Center 337
Hotlines 338-339
Online Professional Library: Accounting and Auditing Literature 340
Industry Conference 341-342
Governmental Audit Quality Center 343-346
Industry Expert Panel - Not-for-Profit Entities 347
AICPA.org Not-for-Profit Interest Area 348
Industry Websites 349-350
Appendix - Additional Internet Resources 351
How This Alert Helps You 01-03
Economic and Industry Developments 04-57
The Current Economy 04-11
The State of NFPs 12-57
Legislative and Regulatory Developments 58-85
IRS Issue Snapshots 58
UBTI "Siloing" 59
The "Parking Tax" 60-65
Limited Relief for Organizations Subject to the Parking Tax 66-67
Excise Tax on Excess Compensation 68
Changes to Form 990-T 69
Form 990-T, Schedule M 70
Generally Accepted Accounting Principles Versus Form 990 Accounting 71-72
Sales Tax After the Wayfair Decision 73-74
Matters Affecting Higher Education 75-81
Matters Affecting Religious Organizations 82-85
Audit and Attestation Issues and Developments 86-140
Audit Risks for NFPs 86-88
Changes to the Auditor's Report 89-104
Data Analytics in Audits 105-111
Auditing Cryptocurrency Donations 112-117
Auditing Alternative Investments 118-121
Bonds Disguised as Loans 122
Fraud Trends at NFPs 123-134
New Yellow Book Independence Rules 135-140
Accounting Issues and Developments 141-280
Accounting Standards Updates 141-273
FASB Versus GASB for NFPs 274-280
Recent Pronouncements 281-283
Recent ASUs 282
Recently Issued Technical Questions and Answers 283
Recent AICPA Independence and Ethics Developments 284-291
AICPA Conceptual Framework Toolkits 284-285
New and Revised Interpretations 286-291
NFP Initiatives 292-305
Not-for-Profit Member Section 293-298
Not-for-Profit Certificate Programs 299-305
On the Horizon 306-328
Auditing Pipeline 308-324
Accounting Pipeline 325-328
Resource Central 329-350
Publications 330
Continuing Professional Education 331-334
Webcasts 335-336
Member Service Center 337
Hotlines 338-339
Online Professional Library: Accounting and Auditing Literature 340
Industry Conference 341-342
Governmental Audit Quality Center 343-346
Industry Expert Panel - Not-for-Profit Entities 347
AICPA.org Not-for-Profit Interest Area 348
Industry Websites 349-350
Appendix - Additional Internet Resources 351