Expert Panel - Not for Profit Entities

Expert Panel Projects The 2013 edition of Audit and Accounting Guide Not-for-Profit Entities is now available in eBook and paperback. The 2013 edition of Audit Risk Alert Not-for-Profit Entities Industry Developments is also now available in eBook and paperback. An online subscription is also available, which includes the guide and alert. Updated as of March 1, 2013, this is the first comprehensive revision of the guide since 1996. Relevant AICPA literature has been incorporated, and the authoritative auditing content of the guide has been fully conformed to changes resulting from the ASB Clarity Project. The AICPA Auditing Standards Board, Financial Reporting Executive Committee, and Not-For-Profit Guide Task Force have revised the guide, making significant enhancements to improve user understanding and minimize diversity in practice. Members of the AICPA staff and the Not-for-Profit Expert Panel participated in a discussion regarding the new Audit and Accounting Guide. The discussion has been archived as a podcast and is available at the AICPA Insights Blog.	The following excerpts from the revised guide are available: Relationships With Another Not-for-Profit Entity Recognition Principles The following excerpts from the alert are also available available: Executive Compensation Limits Social Impact Bonds
The Not-for-Profit Expert Panel has issued the following white papers that are of interest to those following not-for-profit issues: Draft White Paper Interests in Other Entities Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities
Industry News and Resources The Not-for-Profit Expert Panel, in cooperation with the Government Audit Quality Center, created the GAQC Web event Not-for-Profit Entities: 2012/2013 Audit and Accounting Considerations—Member Web Event. Three members of the Not-for-Profit Expert Panel discussed the various developments and issues that may affect an NFP audit practice. Specifically, the presenters provided the following information: The continuing effect of the current economy on NFPs Challenges relating to new auditing standards Challenges relating to application of accounting standards in the NFP environment Recent Financial Accounting Standards Board standard setting activity, including proposed ASUs for donated securities and personnel services provided to an affiliate Question and answer period with participants Access to the archived Web event is available.

Past Meeting Highlights November 5–6, 2012 April 17–18, 2012 January 30–31, 2012 Archived Meeting Highlights	Members of the Expert Panel Gregg Capin (Co-Chair), Capin Crouse LLP Cathy J. Clarke (Co-Chair), CliftonLarsenAllen LLP Elaine Allen, Ernst & Young Jennifer Brenner, World Vision W. Michael Fritz, Deloitte & Touche LLP Ellen Hobby, National Academy of State Health Policy Jennifer Hoffman, Grant Thorton Laurie Horvath, Baker Tilly John A. Mattie, PricewaterhouseCoopers LLP Catherine E. Mickle, American Cancer Society Stuart J. Miller, Crowe Horwath LLP Amanda Nelson, KPMG LLP Andrew Prather, Clark Nuber P.S. Susan Stewart, McGladrey & Pullen LLP Learn more about the Expert Panel members by reading their biographies.

Staff Contacts Chris Cole, Technical Manager

Expert Panel Projects

The 2013 edition of Audit and Accounting Guide Not-for-Profit Entities is now available in eBook and paperback.

The 2013 edition of Audit Risk Alert Not-for-Profit Entities Industry Developments is also now available in eBook and paperback.

An online subscription is also available, which includes the guide and alert.

Updated as of March 1, 2013, this is the first comprehensive revision of the guide since 1996. Relevant AICPA literature has been incorporated, and the authoritative auditing content of the guide has been fully conformed to changes resulting from the ASB Clarity Project. The AICPA Auditing Standards Board, Financial Reporting Executive Committee, and Not-For-Profit Guide Task Force have revised the guide, making significant enhancements to improve user understanding and minimize diversity in practice.

Members of the AICPA staff and the Not-for-Profit Expert Panel participated in a discussion regarding the new Audit and Accounting Guide. The discussion has been archived as a podcast and is available at the AICPA Insights Blog.

The following excerpts from the revised guide are available:

The following excerpts from the alert are also available available:

The Not-for-Profit Expert Panel has issued the following white papers that are of interest to those following not-for-profit issues:

Industry News and Resources

The Not-for-Profit Expert Panel, in cooperation with the Government Audit Quality Center, created the GAQC Web event Not-for-Profit Entities: 2012/2013 Audit and Accounting Considerations—Member Web Event. Three members of the Not-for-Profit Expert Panel discussed the various developments and issues that may affect an NFP audit practice. Specifically, the presenters provided the following information:

The continuing effect of the current economy on NFPs
Challenges relating to new auditing standards
Challenges relating to application of accounting standards in the NFP environment
Recent Financial Accounting Standards Board standard setting activity, including proposed ASUs for donated securities and personnel services provided to an affiliate
Question and answer period with participants

Access to the archived Web event is available.

Past Meeting Highlights

November 5–6, 2012

April 17–18, 2012

January 30–31, 2012

Archived Meeting Highlights

Members of the Expert Panel

Gregg Capin (Co-Chair), Capin Crouse LLP

Cathy J. Clarke (Co-Chair), CliftonLarsenAllen LLP

Elaine Allen, Ernst & Young

Jennifer Brenner, World Vision

W. Michael Fritz, Deloitte & Touche LLP

Ellen Hobby, National Academy of State Health Policy

Jennifer Hoffman, Grant Thorton

Laurie Horvath, Baker Tilly

John A. Mattie, PricewaterhouseCoopers LLP

Catherine E. Mickle, American Cancer Society

Stuart J. Miller, Crowe Horwath LLP

Amanda Nelson, KPMG LLP

Andrew Prather, Clark Nuber P.S.

Susan Stewart, McGladrey & Pullen LLP

Learn more about the Expert Panel members by reading their biographies.

Staff Contacts

Chris Cole, Technical Manager


Expert Panel Recommended Guidance
Publications AICPA Audit and Accounting Guide Not-for-Profit Entities AICPA Audit Risk Alert Not-for-Profit Entities Industry Developments Additional Publications	CPE and Conferences Continuing Professional Education Conferences


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