Learn the latest accounting and auditing developments affecting not-for-profits so that accountants, auditors, and financial managers can prepare financial statements with confidence. This work covers new FASB requirements and information on the latest OMB and Yellow Book developments. It features major program determination and case studies related to revenue recognition and auditing documentation and covers hot topics including: NFP financial statementsRisk assessmentDocumentationLeasesYellow BookMajor program determination Key changesGASB updates including GASB Statement No. 91, Conduit Debt ObligationsAICPA activities including changes to the auditor's reportFASB updates including revenue recognition, grants and contracts, updating the definition of collections, and implementation issue surrounding the financial reporting standardFederal government activities including updates to the Compliance Supplement and proposed changes to the Uniform Guidance