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
Prepare a memo of 700 to 1,050 words for the senior
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.