OMB Revises Circular A-133

From The PPC Guides' Newsletter

OMB Revises Circular A-133 and AICPA Issues Related Auditing Interpretation. This has to do with the new updated terminology of internal controls, among other things, based upon the AICPA's guidance for a stricter look at an organizations internal controls.

August 9th Call with IRS

A national organization that CAN is a member of, the National Council of Nonprofit Associations, is hosting a call with the IRS abut the new form 990. CAN members can participate on this call in two ways:

1. Join in on the call! It is only $10.00 (to cover the costs of the call) and will be an invaluable opportunity to express your questions, concerns and / or praise for the redesigned form.
   
   
2. Post your questions below about the form so that I can submit them to the IRS rep and ask them on the call for you. Please post any questions in the comments section below and I'll make sure they get the attention they deserve.

Thanks!