--- title: Audit, Compliance and Risk Blog | STP | GAAS description: GAAS | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting. --- [![Specialty Technical Publishers](https://blog.stpub.com/hubfs/STP-logo-white-orange.png)](http://www.stpub.com/) - [My Account](http://stponline.stpub.com) - 1-800-251-0381 # Audit, Compliance and Risk Blog ## [Accounting Guidance for Not-for-Profit Entities Is Changing](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, May 03, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-31855859-jpg/images/coin_rolls.jpg) ](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing) The Financial Accounting Standards Board (FASB) has recently clarified certain guidance relating to not-for-profit (NFP) entities. Specifically, it has issued Accounting Standards Update (ASU) No. 2012-05, *Statement of Cash Flows* *(Topic 230), Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows*, and ASU No. 2013-06, *Not-for-Profit Entities (Topic 958), Services Received from Personnel of an Affiliate*. The latter ASU was issued on April 19, 2013. Separately, the American Institute of Certified Public Accountants (AICPA) in March 2013 issued new guidance in the form of an updated Audit & Accounting Guide (AAG), *Not-for-Profit Entities*. [Read More](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [Accountants](https://blog.stpub.com/topic/accountants), [GAAS](https://blog.stpub.com/topic/gaas), [GAAP](https://blog.stpub.com/topic/gaap) ## [New Accounting Principles for State and Local Government Pensions](https://blog.stpub.com/bid/155396/New-Accounting-Principles-for-State-and-Local-Government-Pensions) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, Aug 31, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060538-jpg/images/ron_pippin_w_border.jpg) ](https://blog.stpub.com/bid/155396/New-Accounting-Principles-for-State-and-Local-Government-Pensions) The liability associated with a company’s defined benefit pension has always been hard to measure and, as a result, controversial. Companies in the private sector in the United States were forced to “bite the bullet” on this issue many years ago—in fact, it was in 1985 when Ronald W. Reagan was president. [Read More](https://blog.stpub.com/bid/155396/New-Accounting-Principles-for-State-and-Local-Government-Pensions) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/155396/New-Accounting-Principles-for-State-and-Local-Government-Pensions#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [GAAS](https://blog.stpub.com/topic/gaas), [GAAP](https://blog.stpub.com/topic/gaap) ## [GAAS Rules Are Being "Tweaked" for Calendar Year 2012 Audits](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Thu, May 24, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060110-jpg/images/ron_pippin_photo.jpg) ](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits) The American Institute of Certified Public Accountants (AICPA) is in the final stages of updating its generally accepted auditing standards (GAAS) for financial statement audits of companies in the United States that are not subject to the rules and regulations established by the Public Company Accounting Oversight Board (PCAOB). Several years ago the AICPA decided its auditing standards should be updated to make them clearer, and at the same time strive to conform them to the standards issued by the International Auditing and Assurance Standards Board. [Read More](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [AICPA](https://blog.stpub.com/topic/aicpa), [Clarity Project](https://blog.stpub.com/topic/clarity-project), [GAAS](https://blog.stpub.com/topic/gaas) [All posts](https://blog.stpub.com/all) ### Follow Me ### Subscribe by Email ### Browse by Topic Area - [Accounting & Tax ](https://blog.stpub.com/topic/accounting-tax) - [Business & Legal ](https://blog.stpub.com/topic/business-legal) - [Corporate Governance  ](https://blog.stpub.com/../?Tag=Corporate+Governance) - [Environmental ](https://blog.stpub.com/../?Tag=Environmental) - [Global ](https://blog.stpub.com/../?Tag=Global) - [Health & Safety ](https://blog.stpub.com/topic/health-safety) - [Internet ](https://blog.stpub.com/../?Tag=Internet) - [Transportation ](https://blog.stpub.com/../?Tag=Transportation) ### Browse by Tag - [Environmental (344)](https://blog.stpub.com/topic/environmental) - [Business & Legal (309)](https://blog.stpub.com/topic/business-legal) - [Environmental risks (300)](https://blog.stpub.com/topic/environmental-risks) - [Health & Safety (296)](https://blog.stpub.com/topic/health-safety) - [EPA (283)](https://blog.stpub.com/topic/epa) - [Terms & Conditions](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-Terms-of-Use-Dec-20.pdf) - [Privacy Policy](https://stphub.stpehs.com/wp-content/uploads/2020/12/STP-Privacy-Policy.pdf) - [License Agreement](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-License-Agreement-Dec-20.pdf) - [Sitemap](http://stpub.com/sitemap) - [Support](http://stpub.com/support) © 2021 STP ComplianceEHS - All rights reserved