FASB to Define Nonpublic Not-for-Profit
Re-codification, international standards, increasingly complex organizations structures: FASB has certainly been busy of late. Changes like those mentioned above have kept the standard setters on their toes. Stephen Doneson, a professional in our Jenkintown office, recently wrote an article for the EisnerAmper newsletter Trends & Developments regarding FASB’s project to define one big topic of contention: the nonpublic entity.
You can find out about the project; check out a summary of observations highlighted from FASB’s Not-for-Profit Advisory Committee meeting from September 6 and 7, 2012; and see links to more information here.