March 26, 1998
Unsettled Accounts
New bookkeeping standards intended to stop charities from understating fund-raising expenses are drawing sharp criticism
In an effort to stop non-profit groups from overstating the percentage of their budgets that they spend on good works, an influential accounting organization has revised the standards by which most charities keep their books.
But instead of settling the debate over which costs should be applied to fund-raising expenses and which to
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