On April 22, 2015, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update, Presentation of Financial Statements of Not-for-Profit Entities. We previously shared the tentative content of this proposed standard at our annual Not-for-Profit Update in January.
Look for more detail on the content of this exposure draft in a RubinBrown e-focus next week. Additionally, our June seminars will be devoted to this topic.
Comments on this exposure draft can be made until August 20, 2015.
Any federal tax advice contained in this communication (including any attachments): (i) is intended for your use only; (ii) is based on the accuracy and completeness of the facts you have provided us; and (iii) may not be relied upon to avoid penalties.
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