2025 Not-for-Profit Entities - Audit and Accounting Guide

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The practical guidance you need.

Whether you’re already an expert in not-for-profit (NFP) audit and accounting standards or just getting started, we’ve got the practical guidance you need.

This must-have resource for NFP accounting and auditing professionals is an essential reference that will assist you with the distinctive aspects of accounting, financial statement preparation and auditing for NFP entities.

This edition of the guide includes updates on:

• SAS No. 143, Auditing Accounting Estimates and Related Disclosures
• SAS No. 144, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of Pricing Information Obtained From External Information
• SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
• FASB ASU No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
• FASB ASU No. 2021-09, Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities

Key Topics

• The intuitive format is based on common errors and questions
• A before-and-after context enhances your understanding of various changes

Who Will Benefit

• Preparers of not-for-profit financial statements
• Auditors of not-for-profit financial statements
• Users of not-for-profit financial statements