Resources: Ch. 11 and 12 of Accounting for Government and Not-for-Profit Entitieshttps://bibliu.com/app/#/view/books/9781259293542/epub/OEBPS/23_chapter11.html#page_513https://bibliu.com/app/#/view/books/9781259293542/epub/OEBPS/24_chapter12.html#page_561Prepare written answers to the following questions and cases from Government and Not-for-Profit Accounting:Ch. 11, Questions 11:1, 2, 3, 6, 7 and 8:11-1. What is the purpose of a financial audit? Who is responsible for setting standards for financial audits of government and not-for-profit organizations?11-2. What are the three types of auditor services described in the Government Accountability Office's Government Auditing Standards, and how do they differ?11-3. In the context of a government audit, what is an opinion unit, and of what significance is an opinion unit to the auditor?11-6. What are some ways an audit report for a government differs from an audit report for a for-profit organization?11-7. Define GAGAS, and describe how GAGAS differ from GAAS.11-8. Government Auditing Standards specifically outline an auditor's responsibilities with respect to ethics and independence. What are the ethical principles and primary considerations with regard to independence, as identified in GAGAS? How do ethical principles relate to independence?Ch. 12, Respond to questions for Case 12:13 Allowable Costs under a Federal GrantAllowable Costs under a Federal Grant. You work for an auditing firm that is performing a local government audit. The government has received federal grant funding, and the audit manager on the engagement has asked you to perform the necessary research and review the following costs charged to the federal grant to determine whether or not they are allowable: (1) travel to a conference overseas, the primary purpose of which is the dissemination of technical information; (2) the travel costs for a dependent child accompanying a parent employee to a conference; (3) charges for investment counsel incurred to enhance income from investments; (4) lobbying activities undertaken to obtain a grant; (5) entity membership in a professional organization; and (6) insurance.What document will you research to determine the allowability of the costs?Write a short memo to document your opinion about whether each of these costs would be allowable indirect costs to be recovered in part by federal grants. If certain limitations or specifications must be met for allowability, note them in your memo.Part 2 Write a 175- to 350-word summary in which you:Describe how multiple financial stakeholders within municipalities can best coordinate overlapping responsibilities and share power to achieve optimal results for financial accountability.

Write a discussion (330-350 WORDS EACH) for each of the three articles below (Attached): Each article has a specific prompt (Make sure to Follow the prompt exactly) 1- ReichWhat does Reich mean when he says at the end of his chapter in the course reader, "The only true competitive advantage lies in skill in solving, identifying, and brokering new problems?" Which of Reich's three categories of employment (in-person service providers, routine production service providers, symbolic analysts) would include occupations that would be in a position of doing this? In other words, who is it that will identify and solve new problems in business and industry? When you post your comments or responses to others' comments, use information from Reich's article to support your points.2- Mantsios Mantsios states that all Americans do not have an equal opportunity to succeed, and class mobility in the United States is lower than that of the rest of the industrialized world) Mantsios, p.55). The affluent classes he discusses are most likely working as symbolic analysts who have attained high level of education in school and also at work. They are white-collar jobs occupants working as the engineers, scientists, investors and marketers as well as lawyers and investment bankers. On the other hand, the low class is mainly in in-person service jobs such as bank tellers whose jobs are reducing day by day. This is mainly attributed to technological change that is now phasing out and replacing them with automated teller machines.3- EhrenreichBarbara Ehrenreich, in "Serving in Florida," gives us a glimpse of the life of what economists and social commentators call the "working poor." Ehrenreich's text differs from the others we read in that it is a largely a narrative. She gives example after example of people struggling to survive in the world of low-wage employment. What is the point Ehrenreich is trying to make in her chapter? What is her main idea? In which category of employees Reich describes (symbolic analysts, in-person service providers, routine production services providers) do Erhenreich and her co-workers fit? How do you know?