Expert Panel Projects
The 2016 edition of Audit and Accounting Guide Not-for-Profit Entities is now available in eBook and paperback.
The 2016 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:
Access to the archived Web event is available.
Past Meeting Highlights
March 15-16, 2016
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.
Chris Cole, Senior Technical Manager