The Financial Reporting Executive Committee of the American Institute of CPAs has issued a working draft of the accounting content of a proposed Audit and Accounting Guide on not-for-profits.

The proposed guide covers many of the new issues that have emerged in the nonprofit sector. The draft does not, however, include general and specific auditing considerations, analytical procedures, internal control considerations, or reporting.

Visit the AICPA Web site to download a copy of the working draft.

Comments can be e-mailed to or mailed to Chris Cole, Accounting and Auditing Publications, American Institute of CPAs, 220 Leigh Farm Road, Durham, N.C. 27707-8110

All comments must be received by Oct. 15, 2012.

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