The Chronicle of Philanthropy has a superb graphic that shows the amount of donated mebendazole deworming medicine recorded as contributions in the financial statements of three NPOs before and after applying the change in valuation required by SFAS #157:
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- Committee analysis of California AB 1181
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- Has time run out on cleaning up GIK valuation?
- Legislative effort in California to change accounting for Gifts in Kind – part 2
- Legislative effort in California to change accounting for Gifts in Kind – part 1
- Background on appeal of California AG’s C&D order for GIK valuation: Quotes from 2018 audit risk alert – part 7
- Background on appeal of California AG’s C&D order for GIK valuation: Quotes from 2017 audit risk alert – part 6
- Repost: 2018 nonprofit risk alert is available. New edition adds discussion on valuation of GIK as rebuttal to California AG.
- Preliminary ruling in favor of charities for the California AG’s cease and desist order for GIK valuation – part 5
- Preliminary ruling in favor of charities for the California AG’s cease and desist order for GIK valuation – part 4
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