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Randy Walker & Company, P. C.

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Tag: FASB

FASB Proposes Major Changes to Not-for-Profit Reporting Rules

Posted in: Annoucements

In its first major rewrite since 1993, the Financial Accounting Standards Board (FASB) is proposing to “refresh” accounting standards geared toward how not-for-profit organizations report their financial information. On Wednesday, the FASB issued an Accounting Standards Update, Presentation of Financial Statements of Not-for-Profit Entities, which contains recommended enhancements to the current financial reporting model for

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