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| A note to our members |
Not-for-profits have FASB accounting standards to implement, Form 990s to file, and legislative and regulatory updates affecting procedures and processes. We’ve got news and resources to keep you up to date, organized, and prepared to face the inevitable challenges, so read on!
Q4 Reminder: If you still need CPE hours before year-end, consider an NFP Certificate. You can earn 30-40 credit hours and a digital badge to showcase your accomplishment. NFP Section members get an EXTRA 20% off!
Sincerely,
Chris Cole, Ashley Whitaker and Lana Richards
Technical Team, AICPA Not-for-Profit Section
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3 things to keep in mind when auditing alternative investments
Alternative investments in not-for-profit portfolios are becoming more sophisticated in both structure and underlying investment types. This article discusses some key considerations for auditing alternative investments.
Couldn’t we all use some support?
Support is an important issue for public charities. Here's what you need to know about the support tests of Form 990 Schedule A so you can retain the benefits of having the public charity classification.
5 reasons your organization needs an audit committee
Audit committees aren’t just for large, public companies. Read about the important benefits NFPs can obtain from an effective audit committee, and download this sample audit committee charter to make sure yours is set up for success.
Wayfair's impact on not-for-profit purchases and revenues
Several states provide sales tax exemptions to not-for-profits, whether they be for purchases to support their mission, their sales, or both. Here's how those rules interact with the new broadened sales tax nexus standards. |
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FEATURED RESOURCES |
These and other helpful resources are available exclusively for NFP Section members:
• Information Security Policy (Word)
• Audit Committee Charter (Word)
• Archived Webcast: Executive Compensation for Not-for-Profits (slides)
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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, October 23 (1-3 pm ET) – Schedule A Public Support Test for NFPs SAVE 20%! In this webcast, industry experts will address types of public charities, the definition of a supporting organization, the consequences of failing the public support test, and tips and tricks for completely and accurately preparing Schedule A. |
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October 28-30, 2019 (Las Vegas, NV) – AICPA Governmental and Not-for-Profit Training Program SAVE $50! Bring your implementation questions and prepare for the next stage of progress in revenue recognition, uniform guidance, leases, and more. Get insights directly from subject matter experts and standard setters. Attend in person or online. NFP Section members save an additional $50.
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Wednesday, November 21 (1-3 pm ET) – Operationalizing the COSO Framework for NFPs SAVE 20%! In this webcast you will learn how the COSO Framework can be applied operationally for not-for-profits. Industry experts will walk through implementation of the framework, for a variety of NFP missions and sizes, and discuss how to apply the five components effectively. |
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| POLL |
| What’s on your CPA wishlist? If you had a CPA volunteer for a day, what would you have him or her do? Cast your vote and view the results to see what others are saying! |
| 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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