FASB releases accounting standards update for NFP financial Reporting

On August 18, 2016, The Financial Accounting Standards Board (FASB) released its long-awaited accounting standards update for not-for-profit financial reporting (with some scale-back) to keep the standards for nonprofit organizations aligned with standards for businesses. Visit www.fasb.org to read the full release.  To read Accounting Today's article on the standards update, click here.  We'll continue to keep you up to date.  And, as always, let us know if you have any questions.

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