This book provides a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors. Key areas covered include: GASB 87, Leases; revenue recognition, including grants and contracts; risk assessment; and financial reporting.

Key topics include:

• · Current GASB developments 
• · Audit issues related to GASB developments 
• · Recent GASB pronouncements and their impact on accounting and reporting 
• · Top advice from the AICPA’s Technical Hotline and the GASB Technical Inquiry System