$($Research Problem$)$ Obtain copies of the Trust and Agency Fund financial statements of a state or local government.Required

Study the Trust and Agency Fund financial statements and compare them with those discussed and illustrated in this chapter, noting the following:

Similarities

Differences

Other matters that come to your attention

Study the authoritative literature to determine the following:

What is an investment pool?

What is meant by the $$internal portion$$ of an investment pool?

What is meant by the $$external portion$$ of an investment pool?

How are the assets of the investment pool reported in the financial statements of the government that operates the pool?

Prepare a brief report on requirements a and b$.$