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FASB to Hold Meeting with Not-for-Profit Advisory Committee

As the first of two discussions this week, the Financial Accounting Standards Board (“Board”) will meet with the Not-for-Profit Advisory Committee (“the Advisory Committee”) today. Beginning at 8:30 a.m. EST, Board members plan to discuss with the Advisory Committee how to implement in the nonprofit sector Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), and the Board’s current project on financial statements of nonprofit entities.

For additional information on the meeting agenda, visit the FASB website. Also visit our Nonprofits industry page for information on Cherry Bekaert’s services.

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