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Learning Team Assignment: Reporting
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 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.
This paper includes the following parts:
Introduction, Reporting Requirements for private sector,
organizations (nursing homes) under Financial Accounting Standard
guidance, Similarities, Differences, and Small Conclusion -1014