Question :
One issue in accounting is the qualifications of an accountant when working for a client. It is expected that a CPA can not engage in an assignment without proper qualifications. Your firm has the ability to bid on two projects: the first is examination and engagement work-not consulting or audit-for a small county hospital. The second is work for a private, not-for-profit nursing home.
Write a memo of no more than 1,050 words for the senior partner.
Analyze reporting needs for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance.