By Colin M. Hannifin, CPA, Business Assurance & Advisory Services Senior Manager | Not-for-Profit Team New Accounting Standards Update (ASU 2020-07) Aims to Increase Transparency for Gifts in Kind In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07: Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. This … Continue reading FASB Changes to Disclosures for Gifts in Kind