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Common Financial Statement Errors Logo aicpa

  NFP Section |   Free for NFP Section members |   AICPA |   2015 |

Accounting standards for NFPs are complex and can be difficult to apply to specific circumstances, sometimes resulting in errors or omissions in financial reporting elements. This document contains a series of lists developed to serve as a non-authoritative illustration of some financial statement errors commonly found in small and mid-sized NFPs.

Topics covered:
  • Not-for-profit: Technical: FASB financial accounting & reporting: Financial statement presentation, Intermediate