Question: What incorporating documents should an auditor examine in conducting an audit or preparing an annual Form 990 tax return of a not-for-profit organization? What information

What incorporating documents should an auditor examine in conducting an audit or preparing an annual Form 990 tax return of a not-for-profit organization? What information in these documents is most useful to external to the not-for-profit organization?

Step by Step Solution

★★★★★

3.46 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Incorporating documents that have an external focus and describe the purpose of the not... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

70-B-A-N-P-O (31).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Clint Stillmore operates a private investigating agency called Stillmore Investigations. Some clients pay in advance for services; others are billed after services have been performed. Advance...

Moosehead Community Centre, a not for profit organization not subject to income taxes, is considering the purchase of a new snowplow costing $20,000. The estimated useful life is eight years, with no...

Prepare Financial Statements. The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2017,...

General Hospital, a not for profit acute care facility, has the following cost structure for its inpatient services: FIxed costs $10,0000,00 Variable cost per inpatient day $200 Charge (revenue) per...

Mid Term Advanced Auditing- ACC504 1. What is the term used to identify the risk that the client's financial statements may be materially false and misleading? A. Business risk. B. Information risk....

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

I have done milestone 1,2 and 3 but need help articulating the final audit report based on these three documents. Final report (summary) should be 8-10 pages plus cover page and supporting documents....

Need help with the final project ACC 640. The attached file includes rubrics and guidelines. ACC 640 Final Project Guidelines and Rubric Overview The final project for this course is the creation of...

Answer the following questions about an organization, based on the Sample Form 990 below. A. Provide: Total revenue Total expenditures End-of-year cash balance Public support percentage Fundraising...

I would like to do my NFP project onUnited States Fund for United Nations Children's Fund Prepare an executive summary paper on the Form 990 to include the following: a. A brief overview of your...

Analysis of the Form 990 for Not-for-Profits (NFPs) Human rights watch: https://www.hrw.org/ Explore the concepts of the class material relating to NFPs and Form 990s. You must find and review / read...

The accompanying graph depicts a hypothetical market for anafog TVs. In June 2009, the U.S. Federal Communications Commission (FCC) mandated that all over-the-air television broadcasts originating in...

What is net float7. How might a company "play the float" in its disbursements?

The purpose of a cash flow statement is to a . show the expenses incurred in doing buiness b . show the profits generated. c . show the revenue carned. d . show how cash was generated and used during...

Joshua owns undeveloped land that has an adjusted basis of $45,000. He exchanges it for other undeveloped land with a FMV of $70,000. a. What is his realized and recognized gain or loss on the...

The following transactions occurred between Cloutier Pharmaceuticals and Arnold Drug Stores during June of the current year: Jun. 8 Arnold purchased $29,400 of merchandise from Cloutier on credit...

Kim owns equipment that is used exclusively in her business. The equipment has an adjusted basis of $8,500 (FMV $5,000). Kim transfers the equipment and $2,000 cash to David for a computer (also used...

Marvel Parts, Inc., manufactures auto accessories. One of the companys products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use...

On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred....

Flow production is all of these except (a) where workstations are arranged in order of work flow. (b) part of just-in-time manufacturing. (c) a technique for reducing waste. (d) a technique often...

You work for an auditing firm that is performing a local government audit. The government has received federal grant funding, and the audit manager on the engagement has asked you to perform the...

The City of Manhattan, Kansas, prepares an annual Budget Book, a comprehensive document that includes a citywide budget, as well as departmental budgets. The city has received the GFOA Distinguished...

The City of Ashcroft has produced a Service Efforts and Accomplishments report for the past four years in an attempt to answer the question, How are we doing? for its citizens. Reproduced here is an...

help please Use FIU online database, find one recent article (between 2020 and 2022) about an exciting development in one sub-area of biomedical engineering subarea that interests you. (1) Provide...

Which of the following statement regarding high-frequency trading (HET) are true? The HFT industry is becoming less probable due to increased competition O HIT Gore marity The HF industry is becoming...

how do you do 15 X 2 P(X =x) 0.2 0.1 0.3 k a Find the value of k. b Find P(X > 3). c Find E(X). 14 A probability distribution of Y is given in the table. y 1 3 6 10 P(Y =y) 0.1 0.3 k 2k a Find the...