Section 4450 - Reporting controlled and related entities by not-for-profit organizations

This Section sets out standards for presentation and disclosure of controlled, significantly influenced and other related entities in a NPOs financial statements.

This section sets out standards for the presentation and disclosure of controlled, significantly influenced, and other related entities in an NPO’s financial statements.

For related needs, see these standards:

• Section 4449, Combinations by Not-for-Profit Organizations applies to a combination between not-for-profit organizations.
• Section 1582, Business Combinations applies to acquisitions of a profit-oriented enterprise by a not-for-profit.

BDO can help you navigate the road ahead

Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.

Contact us today to start the conversation.