FASB Not-for-Profit Advisory Committee Holds March 2023 Meeting

At its March 23, 2023, meeting, the FASB’s Not-for-Profit (NFP) Advisory Committee discussed (1) FASB Accounting Standards Update No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets; (2) implementation of the FASB’s standards on reference rate reform, financial instruments — credit losses, and leases; (3) other projects in progress; and (4) recent trends, concerns, and observations related to the NFP sector.