One issue in accounting is the qualifications of the accountant when working for a client. This is expected that a CPA will not engage in an assignment devoid of proper qualifications. Your firm has the capability 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.
Make a memo of 700 to 1,050 words for the senior partner. Comprise an abstract. A running head is optional. Examine reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance. Compare and contrast accounting practices among the two distinct assignments.