ACC 548 Week 5 Learning Team Assignment Reporting Requirements Memo

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One issue in accounting is the qualifications of an accountant when working for a client. It is expected that a CPA will not engage in an assignment without proper qualifications. Your firm has the ability 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.

·         Prepare a memo of 700-1,050 words for the senior partner.  Include an abstract.  A running head is optional. 

·         Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance.

·         Compare and contrast accounting practices between the two different assignments.