The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. Look at the work of the NAC and the impact they've had. Discuss the Accounting Standards Updates (ASUs) issued by the FASB that impact nonprofit entities. Review year two considerations of the lease standard and common nonprofit deficiencies identified in peer review. Discuss what's going on at the AICPA, the impact of the changes to group audits, and the changes coming down the pike for quality management.