In this report, we continue our series on Matters for Further Consideration (MFCs) coming from peer review. This month, we are dedicating an entire report solely to not-for-profit (NFP) related MFCs. In our May MFC report, we noted that of all MFCs related to a FASB Accounting Standards Codification (FASB ASC) topic, approximately 12% were specifically related to NFP entities (FASB ASC 958, Not-for-Profit Entities). As a result, we would like to review these and other NFP-related MFCs in detail
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2023 Peer Review MFCs: FASB ASC MFCs – NFP Issues
Aug 21, 2024 · 1 min read
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File name: cpea-report-august-2024_2023-peer-review-mfcs-fasb-asc-mfcs-nfp-issues.pdf
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