3 Review(s)

The 2006 supplement includes the following updates: Chapter 15 was expanded to include the disclosure required by GASB Statement 40, Deposit and Investment Risk Disclosures, an amendment of GASB 3; Chapter 26 on Investments has been expanded to address Auditing Interpretations 9328, Auditing Fair Value Measurements, and 9332, Auditing Derivative Instruments, Hedging Activities, and Investments in Securities; Chapter 29 provides a summary of the changes to the OMB Compliance Supplement; and, Appendix D: Summary of Emerging Issues for Not for Profit Organizations highlights accounting, financial reporting, tax and regulatory compliance issues including their potential impact.