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On Wednesday, April 22, 2015, the Financial Accounting Standards Board (FASB) issued the much-anticipated proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities.  The proposed standard represents the most significant changes in not-for-profit reporting rules since 1993.  The proposed changes will include: