FASB issues proposed staff position on NPOs' endowments.
| Position | Accounting & auditing news |
The Financial Accounting Standards Board in Feb. issued proposed FASB Staff Position (FSP) FAS 117-a, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures. The FSP seeks feedback from constituents on proposed guidance intended to improve the quality...
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