
2026 Not-for-Profit Entities - Audit and Accounting Guide
This essential reference provides guidance on the unique aspects of auditing for not-for-profit entities, including accounting and financial statement preparation.
Format
E-book
Availability
Lifetime
Product Number
AAGNFP26E
Publication Date
2026
This guide is also available in a print edition.
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The practical guidance you need.
Whether you’re already an expert in not-for-profit (NFP) audit and accounting standards or just getting started, this guide has the practical guidance you need for nongovernmental NFP entities. The intuitive format of this guide is based on common errors and questions, making it an essential reference that will assist you with the distinctive aspects of accounting, financial statement preparation, and auditing for NFP entities.
Recent updates
This edition of the guide includes recent updates for:
- SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
- SAS No. 146, Quality Management for an Engagement Conducted in Accordance With Generally Accepted Auditing Standards
- FASB ASU No. 2023-08, Intangibles — Goodwill and Other — Crypto Assets (Subtopic 350-60), Accounting for and Disclosure of Crypto Assets
- FASB ASU No. 2025-05, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets
Key Topics
- NFP audit planning, risk assessment, reports, and other audit considerations
- Financial statements, the reporting entity, and general financial reporting matters
- Contributions received and agency transactions
- Split-interest agreements and beneficial interests in trusts
- Programmatic investments
- Revenues and receivables from exchange transactions
- Tax and regulatory considerations
- Fund accounting
Who Will Benefit
- Preparers of not-for-profit financial statements
- Auditors of not-for-profit financial statements
- Users of not-for-profit financial statements
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