Describe financial accounting disclosures required for nonprofit organ

Describe financial accounting disclosures required for nonprofit organizations and how these disclosures provide useful information to users.2. Explain disclosure requirements for nonprofit organizations, such as the tax-exempt determination letters required by Congress and the IRS.3. Discuss the reasons for these disclosure requirements and the sentiments of the public and government about deviations and scandals in this sector because of lack of disclosures.

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