Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance.

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Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance.

ACC 548 Not For Profit and Government Accounting Week 5
Reporting Requirements Memo
One issue in accounting is the qualifications of an accountant
when working for a client. It is expected that a CPA will not
engage in an assignment without proper qualifications. Your firm
has the ability to bid on two projects: the first is engagement and
examination work—not consulting or audit—for a small county
hospital. The second is work for a private, not-for-profit nursing
home.

Prepare a memo of no more than 1,050 words for the senior
partner.
Analyze reporting requirements for private sector,
not-for-profit organizations under Financial Accounting Standard
Board guidance.
Compare and contrast accounting practices between the two
different assignments.

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