The Financial Accounting Standards Board (FASB) issued ASU 2016-14 on August 18, 2016, which results in significant financial reporting changes for nonprofit entities. Here is a link to the summary of the changes issued by the FASB. For more information contact:
Linda Gabor, CPA, CFE, Partner, Audit Services Group, email@example.com, 315.701.6346,
Michael G. Lisson, CPA, Partner, Audit Services Group, firstname.lastname@example.org, 315.701.6430,
Christina R. Ondrako, CPA, Partner, Audit Services Group, email@example.com, 315.701.6342.
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