Acc 460 Week 5 Complete Uop Exam Assignment

ACC 460 Week 5 Complete

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DQ1.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?

DQ2.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?

DQ3.How has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations? What specific steps might governmental agencies or not-for-profits take to comply with the requirements of the Sarbanes-Oxley Bill?

DQ4.Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits?

Individual Assignment - 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 Assignment - 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 Assignment - 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...