Accounting practices of private sector not-for-profit organizations are influenced by two AICPA audit and accounting guides: Not-for-Profit Organizations and Health Care Organizations.
Answer the following statement true (T) or false (F)
True
While the FASB has primary standard-setting authority, accounting practices of private sector not-for-profit organizations are influenced by two AICPA audit and accounting guides: Not-for-Profit Organizations (Not For Profit Guide) and Health Care Organizations (Health Care Guide).
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