Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards. The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
Checklists and Illustrative Financial Statements: Not-for-Profit Entities 1 Notice to Readers 1 Applicability 1 Introduction to the Not-for-Profit Entity Reporting Model 3 FASB s New Standard on the Presentation of Financial Statements for NFPs 4 Acknowledgments 4 Part 1 Instructions 5 General 5 Guidance Considered in This Edition 6 Instructions 7 Part 2 Financial Statements and Notes Checklist 9 I. General 11 II. Statement of Financial Position 50 III. Statement of Activities 99 IV. Additional Financial Statements 116 Part 3 Auditors Reports Checklist 123 Part 4 Auditors Reports Checklist for Audits Performed in AccordanceWith Government Auditing Standards and the Uniform Guidance 143 I. Reports on Audits Performed in AccordanceWith GAS 145 II. Reports on Audits Performed in AccordanceWith the Uniform Guidance 154 Part 5 Accountants Reports on Compiled Financial Statements or Information or Reviewed Financial Statements Checklist 167 I. Checklist Questionnaire for Compiled Financial Statements, Prospective Financial Information Pro Forma Financial Information, and Other Historical Financial Information Using AR-C (Clarified) Standards 168 II. Checklist Questionnaire for Review Engagements Using AR-C (Clarified) Standards 172 Part 6 Illustrative Financial Statements, Notes, and Auditor s Report 181