Proposed audit and accounting guide : Not-for-profit organizations ;Not-for-profit organizations; Exposure draft (American Institute of Certified Public Accountants), 1995, April 14

This AICPA Audit and Accounting Guide has been prepared to assist nongovernmental not-for-profit organizations in preparing financial statements in conformity with generally accepted accounting principles (GAAP) and to assist independent auditors in auditing and reporting on those financial statements. This Guide applies to organizations that meet the definition of a not-for-profit organization included in appendix D of Financial Accounting Standards Board (FASB) Statement No. 117, Financial Statements of Not-for-Profit Organizations. Some organizations that have traditionally been considered to be not-for-profit organizations and that have been covered by American Institute of Certified Public Accountants (AICPA) Industry Audit Guides or Audit and Accounting Guides that are superseded by this Guide do not meet the definition of a not-for-profit organization in FASB Statement No. 117. Although FASB Statement No. 117 excludes those organizations from its scope, it nevertheless contains broad guidelines that would enable them to prepare meaningful financial statements. Accordingly, this Guide applies to certain organizations, referred to in this guide as not-for-profit organizations, though those organizations do not meet the definition of a not-for-profit organization in FASB Statement No. 117. This Guide incorporates certain provisions of FASB Statements No. 116, Accounting for Contributions Received and Contributions Made, and No. 117. Not all guidance that is included in those Statements, however, is incorporated, repeated, or summarized in this Guide. Accordingly, those Statements should be read in conjunction with this Guide. Like FASB Statements No. 116 and No. 117, this Guide is directed at not-for-profit organizations in general, and not at specific kinds of such organizations, such as voluntary health and welfare organizations or private colleges and universities. It is expected that various industry associations will publish guidance on applying both the FASB Statements and this Guide to specific kinds of organizations.2 This Guide supersedes the following AICPA Audit and Accounting Guides: 1. Industry Audit Guide Audits of Voluntary Health and Welfare Organizations; 2. Industry Audit Guide Audits of Colleges and Universities; 3. Audit and Accounting Guide Audits of Certain Nonprofit Organizations. lt also supersedes the following AICPA Statements of Position (SOPs): 1. SOP 74-8, Financial Accounting and Reporting by Colleges and Universities; 2. SOP 78-10, Accounting Principles and Reporting Practices for Certain Nonprofit Organizations.https://egrove.olemiss.edu/aicpa_sop/1608/thumbnail.jp

Not-for-profit organizations with conforming changes as of May 1, 2006; Audit and accounting guide:

https://egrove.olemiss.edu/aicpa_indev/1529/thumbnail.jp

Audits of service-center-produced records (1974); Audit guide;Audit and accou

https://egrove.olemiss.edu/aicpa_indev/1277/thumbnail.jp

Audits of voluntary health and welfare organizations with conforming changes as of May 1, 1994; Industry audit guide; Audit and accounting guide

https://egrove.olemiss.edu/aicpa_indev/1308/thumbnail.jp

Audits of service-center-produced records (1980); Audit guide;Audit and accou

https://egrove.olemiss.edu/aicpa_indev/1278/thumbnail.jp

Audits of not-for-profit organizations receiving federal awards, with conforming changes as of December 18, 1995, resulting from the issuance of Government auditing standards: 1994 revision, and Statement on auditing standards no. 74, Compliance auditing considerations in audits of governmental entities and recipients of governmental financial assistance; Statement of position 92-9;

https://egrove.olemiss.edu/aicpa_sop/1208/thumbnail.jp

Proposed statement of position : accounting for costs of materials and activities of not-for-profit organizations and state and local governmental entities that include a fund-raising appeal :(a revision of SOP 87-2, Accounting for joint costs of informational materials and activities of not-for-profit organizations that include a fund-raising appeal);Accounting for costs of materials and activities of not-for-profit organizations and state and local governmental entities that include a fund-raising appeal :(a revision of SOP 87-2, Accounting for joint costs of informational materials and activities of not-for-profit organizations that include a fund-raising appeal); Exposure draft (American Institute of Certified Public Accountants), 1993, Sept. 10

This proposed statement of position (SOP) would supersede SOP 87-2, Accounting for Joint Costs of Informational Materials and Activities of Not-for-Profit Organizations That Include a Fund-Raising Appeal. The scope of this proposed SOP would be broader than the scope of SOP 87-2, because this proposed SOP would apply to all not-for-profit organizations (NPOs) and state and local governmental entities that report expenses or expenditures by function. It would amend the following, which include guidance for accounting for the costs of informational materials and activities that include a fund-raising appeal: 1. AICPA Industry Audit Guide Audits of Voluntary Health and Welfare Organizations; 2. SOP 78-10, Accounting Principles and Reporting Practices for Certain Nonprofit Organizations; 3. AICPA Audit and Accounting Guide Audits of Certain Nonprofit Organizations. Also, it would be applied by all not-for-profit organizations and state and local governmental entities in determining fund-raising costs. This proposed SOP sets forth the following: 1. The costs of all materials and activities that include a fund-raising appeal should be reported as fund-raising costs, including costs that are otherwise clearly identifiable with program or management and general functions, unless a bona fide program or management and general function has been conducted in conjunction with the appeal for funds. 2. If a bona fide program or management and general function has been conducted in conjunction with an appeal for funds, the joint costs of those activities should be allocated. Costs that are clearly identifiable with fund-raising, program, or management and general functions should be charged to that cost objective. 3. Criteria of purpose, audience, and content must be met in order to conclude that a bona fide program or management and general function has been conducted in conjunction with the appeal for funds. (The flowchart in Appendix B on page 29 illustrates the decision-making process for applying the conclusions in the SOP.) 4. Some commonly used and acceptable allocation methods are described and illustrated though no methods are prescribed or prohibited. 5. Certain information must be disclosed if joint costs are allocated. The proposed SOP would be effective for financial statements for years beginning on or after its issuance date. Earlier application would be encouraged in fiscal years for which financial statements have not been issued.https://egrove.olemiss.edu/aicpa_sop/1587/thumbnail.jp

Application of the requirements of accounting research bulletins, opinions of the Accounting Principles Board, and statements and interpretations of the Financial Accounting Standards Board to not-for-profit organizations; Statement of position 94-2;

https://egrove.olemiss.edu/aicpa_sop/1219/thumbnail.jp

Proposed statement of position : audits of not-for-profit organizations receiving federal awards;Audits of not-for-profit organizations receiving federal awards; Exposure draft (American Institute of Certified Public Accountants), 1991, Aug. 30

This proposed statement of position (SOP) provides guidance on the auditor\u27s responsibilities when conducting an audit in accordance with Office of Management and Budget (OMB) Circular A-133, Audits of Institutions of Higher Education and Other Non-profit Institutions. This proposed SOP would amend the following AICPA audit and accounting guides: 1. Audits of Voluntary Health and Welfare Organizations; 2. Audits of Colleges and Universities; 3. Audits of Certain Nonprofit Organizations. In addition to providing an overview of the auditor\u27s responsibilities in an audit of federal awards, this proposed SOP: 1. Describes the applicability of OMB Circular A-133. 2. Summarizes the differences between Circular A-133 and OMB Circular A-128, Audits of State and Local Governments. 3. Describes the auditor\u27s responsibility for considering the internal control structure and performing tests of compliance with certain laws and regulations. 4. Describes the auditor\u27s responsibility for reporting and provides examples of the reports required by Circular A-133.https://egrove.olemiss.edu/aicpa_sop/1557/thumbnail.jp

Audits of certain nonprofit organizations as of December 31, 1990; Audit and accounting guide:

https://egrove.olemiss.edu/aicpa_indev/1515/thumbnail.jp