This morning I listened to a webcast of the Not-for-profit Advisory Committee (NAC) as they discussed the issue of valuation of donated pharmaceuticals. The NAC provides feedback to FASB about issues affecting the NPO community.
You can find an outline of the agenda, which includes an attachment for issues regarding donated meds here. Attached to the agenda are several articles from William
Bennett Barrett and Caroline Preston. (Oops! Sorry Mr. Barrett.)
You can find an on-line archived recording of the meeting here. It is the March 1, 2012 meeting that started at 10 AM.
I have just a few thoughts after having listened to the meeting.