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Tag Archives: FASB
Kara M. Curtis, CPA
Areas of Expertise: Working with school districts, local governments, and non-profits Recipient of the Advanced Single Audit Certificate from the AICPA Financial statement and compliance audits Employee benefit plan audits Annual Comprehensive Financial Report submissions to ASBO and GFOA Instructor … read more
Posted in Profiles
Tagged audits, CAFR, CPA, ERISA, FASB, GASB, government, Kara Curtis, nonprofit, NPO, school district, Tucson
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New Independent Auditor’s Report on the Way!!!
The hundreds, and in some cases thousands, of staff hours dedicated to an audit results in a single deliverable of captioned paragraphs, technical auditing phrases, and the all-important signature on firm letterhead. Of course I am referencing the independent auditor’s … read more
Posted in Articles
Tagged audit report, auditors report, Corey Arvizu, FASB, financial audit, GASB
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Will I Still Be Helping Others in the Future (or Do I Have a Going Concern)?
Many people view going concern disclosures as a death sentence and last resort for their organization’s annual financial statements. These disclosures are daunting and appear extreme but are relevant and potentially necessary given the recent COVID-19 stay-at-home orders and economic … read more
Posted in Articles
Tagged accounting, COVD-19, CPA, FASB, financial report, going concern, Jared Young, nonprofit, NPO
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COVID-19 Effects on NFP Financial Statements and Disclosures
Whether you were in the middle of your annual audit when COVID-19 started making waves or will soon be embarking on your next audit, you can expect that there will an impact on your financial statements and disclosures. Here is … read more
Posted in Articles
Tagged audit, coronavirus, COVID-19, disclosures, FASB, financial statements, NFP, nonprofit, NPO
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FASB Exposure Draft on Goodwill Reporting for Nonprofits
Now that we’ve all mastered the updated not-for-profit financial reporting model, and are well prepared to implement the new revenue recognition standard, what could the FASB possibly have in store for us next? If you guessed an update to the … read more
Posted in Articles
Tagged accounting, assets, FASB, financial report, goodwill, James Rebenar, nonprofit
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