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Regulatory Update: Accounting Standards Update

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In this much anticipated annual Regulatory Update, Jeff Cicolini, Partner, provides an overview of significant regulatory changes affecting nonprofits, including: decisions reached by the FASB in relation to the nonprofit financial statements project; new revenue recognition standards; going concern; and the new lease accounting standard.

Watch this video clip (1 min 42 sec„) for a summary; and then download the full audio of the session recorded May 6th, 2016 at AAFCPAs’ Annual Nonprofit Educational Seminar.

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About the Author

Jeff Cicolini, CPA
Jeff provides accounting, tax and consulting services to nonprofit organizations. He has extensive experience providing solutions to evolving nonprofit organizations with complex program offerings, diverse financing sources, and budgets ranging from $20 million to over $150 million. He specializes in advising human and social service agencies, including multi-service agencies, residential and day treatment behavioral healthcare providers, early education and care (EEC) agencies, community development corporations and their related affordable housing projects, and membership organizations. Jeff also specializes in audits in accordance with generally accepted auditing standards, Government Auditing Standards, Uniform Guidance and HUD Housing programs.