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 AICPA’s Technical Hotline and the GASB Technical Inquiry System