on november 9 2011 the chairman of the fasb announced that a standard setting projec 4372424

On November 9, 2011, the chairman of the FASB announced that a standard-setting project intended to improve the financial reporting of not-for-profit organizations had been added to the FASB’s agenda. Examine the Financial Accounting Standards Board’s Web site (www.FASB.org) to find information about this project. Write a report out lining the objectives of the project and its current status. Include in your discussion what role the Not-for-Profit Advisory Committee (NAC) played in this project. View Solution:
On November 9 2011 the chairman of the FASB announced

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