Accounting for Not-for-Profit Organizations

PART ONE
Research the NACUBO organization. Describe in your own words
the reason this organization exists, what impact it has on college and
university financial reporting, and the authority it has over standard setting
for financial reporting for colleges and universities.

PART TWO
Describe which organizations have authority over government
and not-for-profit auditing standards. There are four categories of
professional engagements: financial audits, attestation engagements,
performance audits, and non-audit services. Explain in your own words what each
of these audit types involves, and give an example of each to illustrate.

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