The 2017 risk alert for non-profits is available from the AICPA.
Highlighted updates this year include:
- AUS 2016-14 – New financial statement presentation
- ASU 2016-02 – Leases
- SAS 132 – Going concern
If you don’t feel overwhelmed, you haven’t been paying close enough attention to recent pronouncements. If so, the risk alert will help you catch up.
If you are feeling overwhelmed, the risk alert is a great first step towards to getting comfortable.