Staying on Top of the Standards

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Association and nonprofit financial teams have a never-ending stream of work comprised of budgets, monthly and annual closes, annual audits, and constant interruptions from people wanting information. The ability to stay current on financial accounting changes is often relegated to updates from an organization’s public accounting firm of record. Often times because those seeking the information do not know where to find it.

An excellent source of information is the Financial Accounting Standards Board’s website.

The website is an excellent resource for accounting and finance professionals to stay up-to-date on the latest changes to accounting rules and standards. On the site, …read more

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