Genuine Learning Blog – ITC: International Non-Profit Accounting Guidance Part 2

| , ,

This blog will cover the second phase of the International Non-Profit Accounting Guidance by looking at Exposure Draft 2 and its proposed guidance for nonprofits. The goal of the INPAG project is create a global nonprofit financial reporting framework. ED2 focuses on providing guidance that amends current IFRS for SMEs which will serve as the base of the new guidance. The ifr4npo website has great explainer videos that details the proposals. Comments are due March 15, 2024.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Will you be providing a comment letter to support this effort?

https://www.ifr4npo.org/exposure-draft-2/

Genuine Learning Blog: OMB Memo on Auditing

On June 23, OMB issued Memo M-25-30: Ensuring Accountability: How We Oversee, Audit, and Improve. It reinforces the. ...
READ MORE

NANO Blog: ASU 2025-01 & ASU 2025-02

In Q1 of this year, the FASB issued ASU 2025-01 & ASU 2025-02. ASU 2025-01 amends the effective date of ASU 2024-03, ...
READ MORE

Genuine Learning Blog: Presidential EO on Grants

On Aug. 7, the President issued an EO creating a review process for discretionary grants. ...
READ MORE