AFP > Ethics | Emerging issues > New Accounting Standards on Reporting Fundraising Expenses

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AFP > Ethics | Emerging issues > New Accounting Standards on Reporting Fundraising Expenses: "New Accounting Standards on Reporting Fundraising Expenses

(July 30, 2007) The American Institute of Certified Public Accountants (AICPA) released new guidelines for the reporting of fundraising expenses by charitable organizations.

The AICPA has released three Technical Practice Aids (TPAs) that answer key questions about how fundraising expenses should be accounted for in the following situations. AFP’s Code of Ethical Principles and Standards of Professional Practice requires that members “use accurate and consistent accounting methods that conform to the appropriate guidelines adopted by the American Institute of Certified Public Accountants (AICPA)* for the type of organization involved. (* In countries outside of the United States, comparable authority should be utilized.)”"