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| A note to our members |
Happy new year! We hope you all had a wonderful holiday season and are gearing up for a successful 2020. This week, we’re showcasing more downloadable resources for your NFP toolkit: updated account workpapers for both NFP financial statement preparers and their auditors. Be sure to read this overview first, which explains the intended use for each file. Then click here to download all the templates.
ICYMI, an updated Form 990 checklists and a Form 990 organizer are also now available for download (link below).
Sincerely,
Chris Cole, Ashley Whitaker and Lana Richards
Technical Team, AICPA Not-for-Profit Section
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Updated NFP workpapers now available for download
The AICPA Not-for-Profit Member Section offers a variety of helpful audit and accounting workpaper templates for use by both financial statement preparers and auditors. Feel free to use the templates that best meet your needs. Read more.
New downloadable Form 990 checklists and Form 990 organizer now available
The 2019 Form 990 Checklists and Organizer are now available for download in the NFP Tax Compliance Resource Library.
IRS issues 2020 standard mileage rates
On the last day of 2019, the IRS issued standard mileage rates for 2020 for business, charitable, medical or moving-expense purposes, as well as other deduction amounts. The rates have decreased slightly from 2019 amounts. Read more.
2020s vision: Tech transformation on tap
Artificial intelligence and other technologies will drive change in the accounting profession. Are you ready for what's next?
Earned an NFP Certificate? Share the news of your achievement!
Download one of the customizable press release templates to use in announcing your or your staff's completion of the Association's Not-for-Profit Certificate Programs. Fields that require completion are indicated by brackets, and wording can be adjusted to suit your own messaging strategy.
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NFP Resource Library
NFP Webcast Archive
ASU 2016-14 Resources
Revenue Recognition Resources
Sample Governance Policies
Tax Reform for NFPs
Form 990 Resources
NFP Section Benefits Guide |
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FEATURED RESOURCES |
These resources have just been updated! Be sure to add the new versions to your toolkit:
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• Form 990 Organizer
• Form 990 Checklist
• Additional Form 990 Series Checklists
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NFP Workpaper Templates
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DISCOUNTED CPE |
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Don’t forget, NFP Section members receive 20% off AICPA not-for-profit online and self-study courses and 10% off AICPA publications like these: |
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UPCOMING EVENTS |
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Wednesday, January 29 (1-3 pm ET) Emerging Topics in Nonprofit Reporting SAVE 20%! This 2-CPE-hour webcast will bust some myths and misconceptions about the auditor's report and show you how a not-for-profit entity can best use a management's discussion and analysis (MD&A). Join us to learn about the revised model for the auditor’s report, effective for audits of financial statements for periods ending on or after December 15, 2020, and how nonprofits can use an MD&A as a management tool. |
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Wednesday, February 26 (1-3 pm ET) ASUs on the Horizon: What NFPs Need to Know SAVE 20%! During this 2 CPE-hour webcast, industry experts walk through FASB ASUs that will be effective on or after June 30, 2020. Join us to further your understanding of the requirements of topics such as leases, credit losses, the definition of collections, and more, and determine an adoption plan for your not-for-profit organization or your not-for-profit clients. |
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| COMMUNITY |
| Learn, share and connect! Join us on Facebook or start a conversation in our members-only LinkedIn Group. Tweet using the hashtag #AICPAnfp. If you’re going to a conference, use any of these avenues to connect with fellow NFP Section members. |
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