Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs

Download or read book Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs written by Lynda Dennis and published by John Wiley & Sons. This book was released on 2020-07-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors. Key areas covered include: GASB 87, Leases; revenue recognition, including grants and contracts; risk assessment; and financial reporting. Key topics include: · Current GASB developments · Audit issues related to GASB developments · Recent GASB pronouncements and their impact on accounting and reporting · Top advice from the AICPA’s Technical Hotline and the GASB Technical Inquiry System