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Not-for-Profit Advisory Committee to Meet with FASB on Thursday

Scheduled for Thursday, the Financial Accounting Standards Board (“FASB”) will hold its second meeting next week with the Not-for-Profit Advisory Committee (“the Advisory Committee”) from 10:00 a.m. to 5:30 p.m. As part of the meeting agenda, the FASB plans to discuss with the Advisory Committee its project on financial statements of nonprofit entities, as well as current trends, concerns and observations.

All general sessions from the meeting will be open for public observation. In addition, the Advisory Committee will host a breakout group session at 11:00 a.m. and 2:30 p.m. Due to space limitations, the group discussions will not be open for public observation. However, the public is free to watch the Advisory Committee’s general session to discuss both breakout group discussions. The general sessions are scheduled to start at 1:30 p.m. and at 3:45 p.m.

All meeting times are Eastern Standard Time. For more information on the meeting, please visit the FASB website. For more information about Cherry Bekaert’s Nonprofit services, please visit our industry pages.

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