Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs

This book provides a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors. Key areas covered include: GASB 87, Leases; revenue recognition, including grants and contracts; risk assessment; and financial reporting. Key topics include: Current GASB developments Audit issues related to GASB developments Recent GASB pronouncements and their impact on accounting and reporting Top advice from the AICPAs Technical Hotline and the GASB Technical Inquiry System