Martha Randall, audit manager of the CPA firm Alan West & Company, is conducting a staff training program on accounting and auditing of nonprofit organizations. During the program, staff assistant Milton Rogers questions the feasibility of the Financial Accounting Standards Board's establishing accounting standards for all nonprofit organizations. "Given the wide variety of nonprofit organizations, from cemetery organizations to zoological societies,"
says Rogers, "it seems unfeasible to believe that one set of standards would fit all such organizations."
What should be Martha Randall's (or another training program participant's) Rationale to Milton Rogers? Explain.

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The Answer of Martha Randall, audit manager of the CPA firm Alan West & Company, is conducting a staff training program on accounting and auditing of nonprofit organizations. During the program, staff assistant Milton Rogers questions the feasibility of the Financial Accounting Standards Board's establishing accounting standards for all nonprofit organizations. "Given the wide variety of nonprofit organizations, from cemetery organizations to zoological societies,"
says Rogers, "it seems unfeasible to believe that one set of standards would fit all such organizations."
What should be Martha Randall's (or another training program participant's) Rationale to Milton Rogers? Explain.

Martha Randall, Audit Manager of the CPA Firm Alan West