What is a private purpose trust fund under GASB?
Individual private purpose trusts are generally deemed either expendable or nonexpendable. The private purpose trust fund will be used for reporting all other trusts in which principal and earnings are used for the benefit of private organizations, individuals, or other government reporting units and those that are not classified as pension trust funds or investment trust funds.
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What are the CPA exam passing rates for 2020?
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How to interpret tolerable deviation rate vs actual deviation rate in controls testing?
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What type of procedures are performed in a review engagement under SSARS?
For a review engagement under SSARS, the accountant will perform limited procedure. Limited procedures consist of inquiry of management and analytical procedures.