FASB Not-for-Profit Advisory Committee Holds September 2020 Meeting

At its September 10, 2020, meeting, the FASB’s Not-for-Profit (NFP) Advisory Committee discussed (1) current financial reporting issues related to COVID-19, (2) the implementation of ASU 2016-14, (3) NFP reporting of gifts-in-kind, (4) implementation of major and other updates, (5) other projects in progress, and (6) international NFP reporting issues.