The calendar turned to May quickly this year and summer fun is on the horizon. Before we head out of the office to take advantage of time off, let’s recap the action in Orlando at the Spring 2019 meeting of

If your government holds majority equity interest (MEI) in another organization, have a look at the Governmental Accounting Standards Board Statement (GASB) Statement No. 90, Majority Equity Interest. Issued in August 2018, the goal of GASB Statement 90 is to

More than two years after it began its project, the AICPA Auditing Standards Board (ASB) issued Proposed Statement on Auditing Standards (SAS), Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. In January 2015,

Although it intended to simplify and clarify investment disclosures and create more consistent application across entities, the FASB caused some unintended confusion when it issued the following Accounting Standards Updates (ASU): ASU 2015-07 Disclosures for Investments in Certain Entities That

To align its definition of “collections” with that used by the American Alliance of Museums, the FASB issued Accounting Standards Update (ASU) 2019-03, Not-for-Profit Entities (Topic 958): Updating the Definition of Collections. The ASU applies to all entities that maintain

Recently, the IRS has issued Notice 2019-9 which provides interim guidance clarifying the implementation of §4960 for tax exempt and governmental organizations that compensate employees in excess of $1 million. This tax is designed as an excise tax with the