John Wiley & Sons Audit Risk Alert Cover From going concern to leases, this Alert will help identify important developments affecting not-for.. Product #: 978-1-945498-74-9 Regular price: $48.50 $48.50 In Stock

Audit Risk Alert

Not-for-Profit Entities Industry Developments, 2017

AICPA

AICPA

Cover

1. Edition July 2017
96 Pages, Softcover
Wiley & Sons Ltd

ISBN: 978-1-945498-74-9
John Wiley & Sons

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From going concern to leases, this Alert will help identify important developments affecting not-for-profit entities and the issues auditors face as a result. A discussion of emerging practice issues, plus current economic, accounting, and auditing development is provided. Also included is a discussion of opportunities for early implementation of ASU 2016-14. Additional updates include:

FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities
SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
FASB ASU No. 2017-02, Not-for-Profit Entities--Consolidation (Subtopic 958-810): Clarifying When a Not-for-Profit Entity That Is a General Partner or a Limited Partner Should Consolidate a For-Profit Limited Partnership or Similar Entity
FASB ASU 2016-02, Leases (Topic 842)

Not-for-Profit Entities Industry Developments--2017 .01-.305

How This Alert Helps You .01-.03

Economic and Industry Developments .04-.29

The Current Economy .04-.10

The State of NFPs .11-.29

Legislative and Regulatory Developments .30-.60

Data-Driven Decision Making by the IRS .30-.32

Unrelated Business Taxable Income Issues .33-.40

Filing Deadline Changes for Forms W-2 and 1099-MISC .41

Department of the Treasury and the IRS Issue Priority Guidance Plan for 2016-2017 .42-.46

Matters Affecting Higher Education .47-.55

Matters Affecting Religious Organizations .56-.60

Audit and Attestation Issues and Developments .61-.94

Audit Risks for NFPs .61-.62

New Auditing Standard on Going Concern .63-.69

Related Parties .70-.75

Alternative Investment Considerations .76-.81

Audit Reporting on Forms Prescribed by Regulators .82-.86

Attestation Clarity Project Is Completed .87-.94

Accounting Issues and Developments .95-.259

FASB NFP Financial Statement Presentation Standard .95-.138

Leases 139-.155

Assessing Changes to Consolidation Requirements for NFPs .156-.162

New Guidance on Accounting for Credit Losses .163-.167

Presentation of Restricted Cash .168-.171

Revenue From Contracts With Customers .172-.192

Accounting Standards Updates Effective in 2016 .193-.241

Fair Value Measurement of Beneficial Interests in Assets Held by Community Foundations 242-.246

Disclosure About Tax Matters .247-.257

Other Investments--a Reminder .258-.259

Recent Pronouncements .260-.263

Recent Auditing and Attestation Pronouncements and Related Guidance .261

Recent ASUs .262

Recently Issued Technical Questions and Answers .263

Recent AICPA Independence and Ethics Developments .264-.265

Common Audit Report and Financial Statement Errors 264

Conceptual Framework Implementation Tools and Resources .265

AICPA NFP Initiatives .266-.275

NFP Member Section .267-.271

NFP Certificate Programs .272-.275

On the Horizon .276-.285

Auditing Pipeline 278-.281

Accounting Pipeline .282-.285

Resource Central .286-.304

Publications .287

Continuing Professional Education .288-.289

Webcasts 290-.291

Member Service Center .292

Hotlines .293-.294

AICPA Online Professional Library: Accounting and Auditing Literature .295

Industry Conference .296-.297

AICPA Government Audit Quality Center .298-.300

AICPA Industry Expert Panel--Not-for-Profit Entities .301

AICPA.org Not-for-Profit Interest Area .302

Industry Websites 303-.304

Appendix--Additional Internet Resources .305
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.