Accounting for Not-for-Profit Organizations

PART ONEResearch the NACUBO organization. Describe in your own wordsthe reason this organization exists, what impact it has on college anduniversity financial reporting, and the authority it has over standard settingfor financial reporting for colleges and universities.
PART TWODescribe which organizations have authority over governmentand not-for-profit auditing standards. There are four categories ofprofessional engagements: financial audits, attestation engagements,performance audits, and non-audit services. Explain in your own words what eachof these audit types involves, and give an example of each to illustrate.