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20 Frequently Asked Questions About Nonprofits

It is important for CPAs in all fields to understand nonprofit work. Many CPAs are asked to volunteer for the boards of such organizations, which may be organized primarily as corporations and trusts. This article addresses practical concepts related to the formation and maintenance of a nonprofit corporation, the various tax benefits it can receive and offer to donors, and the effects of the recently enacted New York Non-Profit Revitalization Act.

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In Focus
Publisher's Column
News & Views

The DATA Act: A Look at the Future for Local Government Financial Reporting?

The Digital Accountability and Transparency (DATA) Act of 2014 requires the federal government to publish financial information online in a standardized reporting format. State and local governments may soon follow suit, due to the requirements of the Single Audit Act and other factors.
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An Inconvenient Truth

Hollywood has a thing for whistleblowers,
a fascination that started well before Edward Snowden. You know the tropes: the enigmatic figure who lingers in underground parking lots, or the driven individual who puts it all on the line, only to emerge victorious by the time the closing credits roll.
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A New Reporting Landscape on the Horizon

During April 2015, FASB released an exposure draft, “Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954) Presentation of Financial Statements of Not-for-Profit Entities,” which represents a major overhaul to current presentation.
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The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at practitioners, educators, regulators, and other financial professionals. Our goal is to provide the Journal’s readers with insight and analysis on developments in the areas of accounting, auditing, taxation, finance, management, technology, and professional ethics.

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