The proposed ASU would require a not-for-profit organization to present contributed nonfinancial assets as a separate line item in the statement of activities.
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To what extent can auditors provide advice to clients who may be panicking or having a difficult time understanding intimidating new FASB standards?
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The Financial Accounting Standards Board approved its 08/19 proposal to grant certain organizations various effective date delays on its credit losses, leases, and hedging standards.
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