Common NFP financial statement errors

The following series of lists is a tool developed by the AICPA Not-for-Profit Section Advisory Council and staff to serve as a nonauthoritative illustration of some financial statement errors commonly found in small- and medium-sized not-for-profit entities (NFPs), grouped by financial statement type. This is not a comprehensive list of all possible misstatements, nor are all items referenced appropriate or material for all NFPs. It is designed for nongovernmental NFPs except for providers of health care services that follow the