Provide complete answers to the following two problems.
1. Why is it more difficult to distinguish between internal and external users in governments than in businesses?
2. From what two perspectives must the financial statements under the Governmental Accounting Standards Board (GASB) No. 34 reporting model be prepared? How do the two differ from each other?
Requirements:
•Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly.