Nonprofits Facing New Hot Buttons

Accounting Technology, March, 2008

The start of a new year is always a good time to take a moment to assess the hot buttons that can impact your organization during the coming year. For 2008, IRS reporting requirements and new auditing standards for your external auditors will add to your hot buttons. You may not be surprised about having to deal with IRS reporting requirements. However, your initial thought might be that new auditing standards will impact your auditors, but won’t have much impact on your organization. That won’t be the case with some recent new auditing standards.

IRS Reporting Requirements

As you have probably heard, the IRS is revamping Form 990. Some of the proposed requirements that are likely to be in the final version of the revamped form represent significant differences...

Read the full article with a Free Trial at MyWire.

Premium Content Partnership | MyWire provides an in-depth online archive library of reference works.