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The AICPA’s Healthcare Expert Panel has issued a Technical Q&A (https://www.aicpa.org/resources/download/tqa-section-6400-71) regarding the accounting for vaccines that were provided during the pandemic. The guidance applies to nonprofits and for-profit entities. The TQA requires entities to evaluate whether the transaction is exchange or nonexchange and if nonexchange whether the entity is acting as a principal or an agent.
Do you believe this will reduce diversity in practice?
Watch all A&A Today videos at https://www.youtube.com/playlist?list=PLzz2wvHsZ2DNJ64dEWyHTq5BcvI1RALA-
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