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.
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.