You have worked for the past couple of years on audits of city and county governments, and now have the opportunity to work on auditing federal government accounting. As part of preparation for working in the new role, describe in detail how the objectives of the FASAB conceptual framework differ from the objectives of GASB.
Background: As a result of your preliminary findings, TechWear’s audit committee has asked that you postpone the issuance of your audit report until at
Background: As a result of your preliminary findings, TechWear’s audit committee has asked that you postpone the issuance of your audit report until at least 80% of the accounts receivable balance outstanding at December 31, 2016, has been resolved (e.g., collected, written off or returned). As of May 31, 2017,