Impacts of financial decisions
CLA Talks Video: FASB to Simplify Nonprofit Financial Statements
The CLA Talks video series continues with Cathy Clarke, CliftonLarsonAllen’s chief assurance officer, discussing what is expected in the Financial Accounting Standards Board’s (FASB) upcoming exposure draft on changes to nonprofit financial statements. She explains FASB’s goal of making statements easier to understand for the groups who typically use them.
Clarke’s comments were captured at a recent CLA conference for leaders of associations and membership organization, but they are relevant for leaders of other nonprofits, including foundations, arts and cultural organizations, and social services organizations.