The new liquidity and availability disclosure and going concern issues
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The new liquidity and availability disclosure and going concern issues

3 years ago · 3 min read

SECTION

EXCLUSIVE

`With FASB ASU No. 2016-14 now in full effect, not-for-profit entities (NFPs) are required to disclose both qualitative (narrative) and quantitative (numeric) information about their liquidity and availability. In explaining its reasons for the additional disclosure requirements, FASB states that “the Board concluded that the additional information and transparency about the nature and extent of available resources and the extent of external and internal limits placed on their availability make a significant improvement to financial reporting by NFPs.” However, for

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