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QUESTION

First, search the internet for the official website of a nonprofit organization that interests you. When you review this website, locate the latest financial statements. Use the financial statements y

First, search the internet for the official website of a nonprofit organization that interests you. When you review this website, locate the latest financial statements. Use the financial statements you locate to answer the following questions:

  • How does the audit opinion given to this city by its independent auditors differ from the audit opinion rendered on the financial statements for a for-profit business?
  • What are some significant differences you see between the report you just reviewed and a for-profit statement?
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