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Nonprofit Accounting Basics
Undergoing an audit, or any type of engagement, is a cumbersome process.
Audits are a vital tool for maintaining the integrity, accountability, and sustainability of nonprofit organizations.
The AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement.
The implementation of SAS 136 is finally here.
