Publisher's Synopsis
The 2003 Cumulative Supplement (0–471–25015–5) completely updates the sixth edition of Financial and Accounting Guide for Not–for–Profit Organizations.
It includes:
- Summary of the FASB′s proposed new "principles–based approach" to setting future accounting standards.
- Discussion of the Sarbanes–Oxley Act of 2002 and its possible effects on not–for–profit organizations.
- U.S. General Accounting Office (GAO) Amendment No. 3, Independence
- Current pronouncements from the AICPA, FASB, and GASB
