A century of NFP accounting

https://www.cpajournal.com/2020/12/09/a-century-of-not-for-profit-accounting/

FASAB Chair discussion

https://www.journalofaccountancy.com/news/2020/dec/fasab-30th-anniversary-board-chair-george-scott-interview.html
pandemic, financial reporting model, lease accounting, department of defense

GASB Q & A with Chairman

https://www.journalofaccountancy.com/news/2020/oct/gasb-chairman-joel-black-government-reporting.html

NFP rules for gifts in kind

https://www.journalofaccountancy.com/news/2020/sep/fasb-alters-not-for-profit-accounting-rules-for-gifts-in-kind.html

Calpers understated investment consultant expenses

https://www.nakedcapitalism.com/2020/09/calpers-cooks-its-books-grossly-understated-investment-consultant-meketas-expenses-in-annual-financials-made-a-criminal-false-account-by-burying-the-cost.html One of CalPERS’ most visible outside advisors is its private equity consultant Meketa Investment Group. Reports to the board about CalPERS’ outside contracts showed payments to Meketa of over $1 million across the last two fiscal years. Yet CalPERS’ CAFRs for those two years showed payments to Meketa of only $78,000 in one year, the fiscal year ended June 2019, and none the previous year, even though Meketa received fees from CalPERS in both years. https://www.calpers.ca.gov/docs/forms-publications/cafr-2019.pdf

Fines, fees, and forfeited assets report

https://gfoaorg.cdn.prismic.io/gfoaorg/2e311329-a26d-4d75-9330-7d59964820e6_FeesFinesAssetForfeitures_R3.pdf
GFOA challenges all GFOA members to better understand the implications of misused fees and imposed fines, including their connection to systemic racism, lack of trust in government, and the potential to seriously harm the lives of disadvantaged citizens.

Covid-19 GAGAS audit alert

https://www.gao.gov/assets/710/708718.pdf

GASB proposed change to Government Financial Reporting Model

https://www.journalofaccountancy.com/news/2020/jul/gasb-proposal-would-change-government-financial-reporting-model.html

GASB proposed concept statement

https://www.journalofaccountancy.com/news/2020/jul/gasb-financial-statement-elements-revenue-expense-models.html

Nonprofit Accounting resources

https://www.cpajournal.com/2020/05/22/nonprofit-accounting-resources/

Federal financial data

https://datalab.usaspending.gov/ A helpful website to view federal government finance information.

data.gov More on open data at the federal government level.

GASB Statement 96 Subscription Based Technology Arrangements

https://www.journalofaccountancy.com/news/2020/jun/gasb-addresses-subscription-based-technology-arrangements.html

Options to starting a new Nonprofit

https://www.aicpa.org/interestareas/notforprofit/resources/governancemanagement/options-for-starting-a-new-nonprofit.html

Catherine Pugh sentenced - former Baltimore mayor

https://www.bbc.com/news/world-us-canada-51667665

SEC probes muni bond default

SEC probes default on bonds https://www.bloomberg.com/news/articles/2020-02-24/sec-probes-owner-of-chicago-apartments-after-muni-bond-default

Contributed nonfinancial assets

https://www.ey.com/Publication/vwLUAssetsPI/TothePoint_08350-201US_NFP_12February2020/$FILE/TothePoint_08350-201US_NFP_12February2020.pdf Proposal would change NFP’s presentation and disclosure about contributed nonfinancial assets

New GASB Chair

https://www.journalofaccountancy.com/news/2020/jan/new-gasb-chair-joel-black-22750.html