Welcome to the NSAC Website!
What Is NSAC? The National Society of Accountants for Cooperatives(NSAC) is comprised of professionals actively involved with the financial management and planning of cooperative business. NSAC strives to provide accounting, tax and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional developement opportunities.
What Members Say about NSAC
I am retiring at the end of the month and I will be staying in NSAC as a retired member. “It's been a good 30 years of active membership. I met lots of good people and received lots of valuable information. My replacement has already joined NSAC”.
RP (Ron Peterson) Minnesota.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
COSO: From Treadway to the Cube, Fighting Fraud and Corruption in the Coop Environment
April 21st, 2015
Pension Fiduciary Primer
May 12th, 2015
Chapter Leadership Seminar
May 14th, 2015
May 28th, 2015
June 2nd, 2015
SAVE THE DATE! August 2-5, 2015
More Details Soon
IRS audit rate for individuals drops
Your chances of facing an IRS audit rate dropped to the lowest level in at least a decade in 2014 and are expected to fall further this year, according to new data USA TODAY obtained from the nation's tax agency.
Revenue recognition implementation concerns finance executives
As FASB and the International Accounting Standards Board (IASB) continue to discuss proposals for clarifying the new, converged standard on revenue recognition, KPMG has found that a majority of companies (64%) remain unsettled on how they would adopt the standard.
IRS answers questions on tangible property repair regs
The Internal Revenue Service has released a set of frequently asked questions and answers in an effort to clarify its tangible property repair regulations.
FASB completes re-deliberations on leases and directs staff to draft new standard
The FASB and the International Accounting Standards Board (IASB), which have held joint deliberations in this project, are expected to issue separate standards in the second half of 2015.
Forging cooperation between internal audit, external audit, audit committee
Although internal audit, external audit, and audit committees have different roles, their duties often intersect. External auditors may use the work of internal auditors to the extent this is permitted by auditing standards and regulators.