Accounting for Governmental and Nonprofit Entities 15th Edition by Earl Wilson,Jacqueline Reck,Susan Kattelus

تمرين 3

A new board member for the Fire Protection District (a special purpose government) was reviewing the audit report for the district and noted that, although the district received an unqualified opinion, the audit report was longer than the one received by the corporation for which he worked.Assuming that the district received only an AICPA GAAS audit, explain for the board member why the district audit report is longer than the corporate audit report.