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First, search the internet for the official website of a nonprofit organization that interests you (The American National Red Cross). When you review this website,
First, search the internet for the official website of a nonprofit organization that interests you (The American National Red Cross). When you review this website, locate the 2018 or 2019 financial statements. Use the financial statements you locate to answer the following questions:
- How does the audit opinion given to this nonprofit entity 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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