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Scrutinize This: Top Audit Risk Points for Not-for-Profits
Posted by Amanda Jenks on Tue, Jul 21, 2015 @ 02:11 PM
Users of not-for-profit financial statements want transparency, and emerging reporting requirements aim to provide it. Recent updates from the federal government and from Financial Accounting Standards Board (FASB) require more visibility into how not-for-profit organizations manage their resources. Not-for-profits need to monitor these updates and what they mean not only for their current year-ends, but for future reporting practices. Several requirements effective now and with impending effective dates will likely be key points for the auditor of your financial statements.
 
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Topics: audit, Not-for-Profits, audit risk

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