New Not-for-Profit Disclosure Requirements Provide a Clearer Picture
October 28, 2019
The new disclosure requirements set by ASU 2016-14 require not-for-profits to do extra work in preparing their financial statements. These disclosures provide the benefit of providing a more transparent perspective of how an organization’s financial picture really looks. ASU 2016-14 requires the following changes to financial statement presentation and disclosures:
