Latest News
Names in the News!
Al Cheatham, National Director of NSAC’s South Atlantic Chapter, has recently been promoted...

PCAOB’s Franzel Sees ‘Perfect Storm’ of Internal Control Problems in Audits
Jeanette Franzel described a “perfect storm” of issues that auditors are facing...

Supreme Court Rules Severance Pay Can Be Taxed
The U.S. Supreme Court decided in favor of the Obama administration in a dispute over taxes on severance compensation

FASB and IASB Work on Resolving Lease Accounting Differences
FASB and IASB remain at odds over crucial elements of their lease accounting standards, but said they are still committed to reducing the distinctions.

Internal Auditors Concerned about Financial Losses from Social Media
Financial losses from social media are among the top concerns of internal auditors...

5 Devices That Are Endangering Your Business
Businesses need to be aware of five office tools that are particularly vulnerable, according to experts.

Five Questions on Financial Crime
What do we mean by financial crime?

FASB Provides Guidance on Reporting Discontinued Operations
New guidance on representing when a company or organization discontinues its operations.

NSAC Publications

NSAC provides a variety of training sessions, publications, and research tools to enhance the professional competence of its members and improve the level of service they can offer cooperatives.

  • The Cooperative Accountant is a quarterly technical journal featuring timely and useful information on cooperative tax, accounting, finance, and economic issues.

  • Financial Reporting by Cooperatives explains and offers examples of financial statement entries unique to cooperatives.

  • The Electronic Tax Library provides easy access to a searchable data base of IRS administrative rules and rulings and court cases concerning tax treatment of cooperatives. Available in the Members section of this website.

  • Welcome to Cooperatives is a basic explanation of how cooperatives are organized and operated, including equity management and tax treatment. It is must reading for new employees without a background in cooperation.