Rose Doherty and Paul Doetsch attended the AICPA Not-For-Profit Industry Conference in Washington, DC. In this issue, they highlight the important and timely topics and information from the sessions they attended.
In big nonprofit news, On August 18, 2016 the Financial Accounting Standards Board (FASB) released its long awaited and much-discussed accounting standards update for not-for-profit financial statements. More information is included in this issue.
In this issue, we proudly feature our client, Chicago Literacy Alliance, an organization with an awesome mission of 100% literacy for all Chicagoans. Contact Julie Tucek at
jtucek@legacycpas.com if you are a Legacy client and would like to be featured in an upcoming issue.
We are grateful for your referrals and your confidence in our people and our work. In addition to our large nonprofit and association practice, we also audit employee benefit plans, including 401(k) and 403(b) plans, police and fire pension plans, labor organizations, villages, municipalities, school districts, and commercial entities. The majority of our new clients in all areas come from existing clients. If you know an organization that could benefit from our services, we’d be grateful for the introduction. If you prefer to receive this publication via email, send us an email at info@legacycpas.com or sign up on our website on the Publications form.
This issue was edited by Rose G. Doherty, CPA, Partner, rdoherty@legacycpas.com