News & Events

August 2014 Not-For-Profit News Briefing

Reporting Requirements for Investments: What Your Board Needs to Know 

Your board is responsible for the proper reporting of the organization’s investments. Therefore, it must have a sufficient understanding of:

  • The underlying investments.
  • The portfolio strategy of an alternative investment.
  • The method and significant assumptions used by the fund manager to value the underlying investments.

Creating a Fair Value Hierarchy

Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures (ASC 820) establishes a framework for classifying assets based on the certainty with which fair values can be calculated.  ASC 820 also establishes a “fair value hierarchy” of inputs that are to be used for valuation: [read more]


Sansiveri provides bi-monthly news briefings on various topics that affect not-for-profit organizations. We look forward to sharing future topics with you. If you would like to learn about something specific, please email Linda Pearson and we will try to address it in a future issue. Thank you.