The Complete Guide to Nonprofit Accounting Careers
The Charity CFO
AUGUST 15, 2023
Myth #3: Nonprofit Accounting (GAAP) and the IRS Rules are the Same Another common misconception is that GAAP and IRS rules are the same when it comes to nonprofits, however, they are not. Audits Nonprofits are not exempt from audits. In fact, many states require audits for larger organizations.
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