Publisher's Synopsis
The 2006 supplement includes the following updates:
- Chapter 15 was expanded to include the disclosure required by GASB Statement 40, Deposit and Investment Risk Disclosures, an amendment of GASB 3 .
- Chapter 26 on Investments has been expanded to address Auditing Interpretations 9328, Auditing Fair Value Measurements , and 9332, Auditing Derivative Instruments, Hedging Activities, and Investments in Securities .
- Chapter 29 provides a summary of the changes to the OMB Compliance Supplement.
- Appendix D: Summary of Emerging Issues for Not–for–Profit Organizations highlights accounting, financial reporting, tax and regulatory compliance issues including their potential impact.
