This Not-for-Profit Industry Development Audit Risk Alert shows changes on the horizon as well as current business environment issues and accounting and auditing challenges such as:
Cybersecurity and outsourcing
Implementation of FASB's revenue recognition standards
Changes to the auditornsquo;s report
Preparation for FASBesquo;s leases and other accounting standards updates
Delivered in an easily digestible format, this alert also covers legislative and regulatory issues like the unrelated business income tax and changes to IRS Form 990-T as well as a discussion of the Department of Labor squo;s overtime rule.
