You have worked for the past couple of years on audits of city and county governments, and now have the opportunity to work on auditing federal government accounting. As part of preparation for working in the new role, describe in detail how the objectives of the FASAB conceptual framework differ from the objectives of GASB.
Review the company you chose to work with in Competencies 1 and 2.Describe the business, including the type of business.Create the business case:•
Review the company you chose to work with in Competencies 1 and 2.Describe the business, including the type of business.Create the business case:• Determine why funding is needed for the company.• Determine the sources of funding. Consider self-funding, borrowing, equity, venture capital, and so on.o Evaluate the requirements of each