NSAC Mission Statement and Goals

The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately 1,500 individual members actively involved with the financial management and planning of cooperative business. NSAC members are either employed by a cooperative or provide professional services for cooperatives.

Mission Statement

NSAC serves cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking and professional development opportunities for members, prospective members and others supporting the cooperative sector; and participating in standard-setting and implementation processes enabling members to effectively apply those accounting standards.

Goals

Upcoming Events

The Cooperative COMPASS 2026
May 4 - 6, 2026

The Cooperative COMPASS 2026

NSAC is headed to Music City!We’re thrilled to announce that The Cooperative COMPASS—pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience—is coming to Nashville, Tennessee, May 4–6, 2026, in partnership with NSAC’s Atlantic Chapter. Set against the backdrop of live music, Southern hospitality, and a city that knows how to mix ...

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Last In First Out, The What, Why and How
July 10, 2025

Last In First Out, The What, Why and How

Join us for an insightful Cooperative Learning Network (CLN) webinar focused on the fundamentals of Last In, First Out (LIFO) inventory accounting from a tax perspective. Specifically, you’ll learn what is LIFO, why you might or might not want to adopt LIFO and how it works. This session is ideal for accounting professionals in cooperatives seeking to strengthen their knowledge of inventory accounting methods and their tax implications.

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NSAC 2025 Far Western and Pacific Northwest Annual Meeting
July 16 - 18, 2025

NSAC 2025 Far Western and Pacific Northwest Annual Meeting

SAVE THE DATE! Join us for the  2025 Far Western and Pacific Northwest Annual Meeting, taking place July 16–18, 2025, in vibrant Seattle, Washington. Designed for cooperative tax and accounting professionals, this conference offers an exceptional blend of education and networking opportunities. Expand your expertise with informative sessions and workshops, earn CPE credits, all while connecting with professionals in your local area. 

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Recent Happenings

Cheers to 90 Years! NSAC is Celebrating a Milestone!

Cheers to 90 Years! NSAC is Celebrating a Milestone!

The National Society of Accountants for Cooperatives is thrilled to celebrate its 90th Anniversary—a milestone marking nine decades of supporting professionals in cooperative financial management and planning while advancing the cooperative model. Since 1935, NSAC has been the go-to for industry-specific education, resources, and connections. We’re kicking off the celebration in style at COMPASS, where attendees, both virtual ...

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Practical Uses of AI in Your Audit Practice

Practical Uses of AI in Your Audit Practice

This article explores the evolving role of Artificial Intelligence (AI), particularly Generative AI (GenAI), in financial statement audits, highlighting its practical applications, adoption trends, and oversight considerations. It examines insights from the Public Company Accounting Oversight Board (PCAOB) regarding GenAI’s current uses in administrative audit functions and the associated governance challenges. The article details how ...

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The Cooperative Accountant Summer 2025

The Cooperative Accountant Summer 2025

The Summer 2025 issue of The Cooperative Accountant (TCA) has been released! Focusing on cooperative-related issues, such as accounting and auditing, finance, cooperative management, legal and regulatory issues and taxation, this journal has become widely recognized as the industry standard. NSAC members, please log into Connect to view or download the latest issue.

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