ACC 460 Complete Week 5 Click Here To Download Solution Week 5 Individual Ch. 12 Textbook Exercises Resources: Ch. 12 of Government and Not-for-Profit Accounting Prepare written answers to the following assignment from Government and Not-for-Profit Accounting: Ch. 12: Questions for Review and Discussion 1 & 2 Individual SFAS 116 and 117 Executive Summary Resources: Statements of Financial Accounting Standards (SFAS) 116 and 117; sample Executive Summary Write a one-page Executive Summary assessing the requirements of SFAS 116 and 117 and its effect on the financial statements. Refer to the sample Executive Summary located on the student website under the Assessment section of Week Five for instructions on how to format your assignment. Format your paper consistent with APA guidelines. Individual Accountability in Reporting Memo Write a one-page, double-spaced memo to a nonfinancial audience explaining how increasing scrutiny and demand for accountability by the public has influenced reporting for not-for-profit and governmental entities. Cite all of your sources Learning Team Ch. 9 & 11 Textbook Problems Resources: Ch. 9 & 11 of Government and Not-for-Profit Accounting Prepare written answers to the following problems from Government and Not-for-Profit Accounting: â€˘ Ch. 9: Continuing Problems 1â€“6, found at the beginning of the Problems section at the end of the chapter. For this assignment, use the CAFR your team selected in Week Two.
Ch. 11: Continuing Problems 1â€“6, found at the beginning of the Problems section at the end of the chapter. For this assignment, use the CAFR your team selected in Week Two.
DQ 1 What is a performance audit? In what significant ways do performance audits differ from financial audits? DQ 2 How do audits of governmental agencies differ from those of not-for-profit entities? How are these audits different from those of organizations that operate for profit? Who are the stakeholders for the various audits? DQ 3 What is the Single Audit Act? How has this act influenced auditing of governmental agencies? What types of reports and opinions do the auditors provide? DQ 4 How has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and notfor-profit organizations?Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits?What specific steps might governmental agencies or not-for-profits take to comply with the requirements of the Sarbanes-Oxley Bill?