Liquidity and Other Critical Uncertainty Disclosures of Nonprofits in the Current Environment (LIAA19/23)
The current environment could be having an enormous impact on accounting and financial reporting for all entities, including nonprofits. This course will provide insights into the most critical disclosures related to liquidity, accounting uncertainty, and going concern for nonprofits.
Anyone with responsibilities for nonprofit accounting or financial reporting, including attest providers.
Describe the importance of liquidity and other uncertainty disclosures in the fair presentation of financial statements
o Explain proper evaluation of the need for transparent disclosures about uncertainty, including liquidity and going concern uncertainty
- Required disclosure related to liquidity and other significant uncertainties for fair presentation of financial statements
- Evaluating the need for going concern and other uncertainty disclosures in the current environment