Expert Panel - Not for Profit Entities 

    Expert Panel Projects

    The 2015 edition of Audit and Accounting Guide Not-for-Profit Entities is now available in eBook and paperback.

    The 2015 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.

    Not-for-profit entities are under constant pressure to devote an increasing portion of their expenditures to accomplishing their mission programs. This Journal of Accountancy article submitted by Joseph W. Cruitt, CPA, CGMA, on behalf of the AICPA Not-for-Profit Expert panel, reviews the appropriate considerations and allocation of joint costs to be in compliance with U.S. GAAP.

    NFP Expert Panel member, Jennifer Brenner, in partnership with the entire NFP expert panel, produced and published an article in the August 2013 issue of the Journal of Accountancy which addresses some of the common difficulties in valuing contributions of gifts-in-kind. The article walks through the process of valuation and provides recommendations to assist in the establishment of a policy for acceptance and valuation of gifts-in-kind.

    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

    May 27-28, 2015

    January 21-22, 2015

    Archived Meeting Highlights

    Members of the Expert Panel

    Jennifer Brenner, (Chair) World Vision

    Elaine Allen, Ernst & Young

    Brian Bender, America’s Health Insurance Plans

    Joel Berry, International Association of Chiefs of Police 

    Joseph Cruitt, National Board of Osteopathic Medical Examiners

    Susan Davis, McGladrey LLP

    Ellen Hobby, National Academy of State Health Policy

    Jennifer Hoffman, Grant Thornton

    Brad Jewell, Pennington Biomedical Research Foundation 

    John A. Mattie, PricewaterhouseCoopers LLP

    Amanda Nelson, KPMG LLP

    Joan F. Schweizer, Deloitte

    Gordon Siess, Baker Tilly Virchow Krause, LLP

    Jeff Stefan, Tate & Tryon

    Brian Zygmunt, Crowe Horwath LLP

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


    Staff Contacts

    Chris Cole, Senior Technical Manager

    Expert Panel Recommended Guidance


    CPE and Conferences

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