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Social demands are changing and, as people learn more about the overall effects of financial providers' business policies, they increasingly put pressure on them to go further than the conventional business goal of making profits. There's pressure on them to take a more general responsibility for their actions in the world in which they operate. This means the providers need to consider the effects of their business and of their decisions on stakeholder groups other than the shareholders and top directors. Customers Employees Such stakeholders include: Communities in own country Disadvantaged groups in other countries Environment Financial services providers have begun to respond to these demands and take their social + environmental responsibilities seriously. They're several aspects of this that affect their reputation+ profitability Also called citizenship or sustainable responsible business 8.4 - ETHICAL Most providers now include it in their mission ...
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Assignment 1: Financial Statement / Audit Report ReviewDue Week 4 and worth 240 pointsSelect one (1) local government in your state or area and review the financial statements and audit report for the county or municipality. The financial statements of the government you selected should have at least three (3) funds. Refer to the continuing problem homework for Weeks 1 through 3 for this assignment.Write a three to five (3-5) page paper in which you:1. Compare and contrast the comprehensive annual financial report (CAFR) of the selected local government entity with the government entity identified from Week 1 homework. In your comparison, include: a. Publication method of the CAFR b. Audit and budget information in the CAFRc. The type of audit report issuedd. Existence or non-existence of an internal audit function within the government entity2. Prepare the analysis for the selected local government entity, including information on the introduction, financial section, and statistical section prepared in the continuing problem CAFR from chapter 2. 3. Analyze the methods used by the selected local government entity in comparing the budget-to-actual reports. Your analysis should include an evaluation of the basis of accounting used for the budget and financial statements.4 .Analyze the sources of revenue on the selected local government. Your analysis should include information on both governmental and business-type activities of the government. In your report, be sure to examinea. Property taxes and how they are accounted forb. Other sources identified as primary revenue for the entityc. Deferred revenued. Year-to-year variations in the tax levels of incomee. Various management discussion and analysis items of notef. Information about the general fundYour assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Evaluate the financial reporting of state and local governments and assess the reporting requirements in accordance with governmental accounting standards board (GASB). Analyze governmental activities related to expenditures and expenses.Use technology and information resources to research issues in government and not-for-profit accounting.Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics.

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