The Financial Accounting Standards Board recently released a new accounting standards update on consolidation for not-for-profit entities. Lee Klumpp, director in BDO’s Institute for Nonprofit Excellence, discusses the implications for organizations and how they are dealing with the other new rules FASB issued last year for nonprofits.

Michael Cohn

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.