Gartland (2016) suggests that governmental and not-for-profit entities

On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds
May 5, 2020
1) Selected financial information for the Adelphi Company
May 5, 2020

Gartland (2016) suggests that governmental and not-for-profit entities

account for approximately 8-12% of all claims reported to the AICPA Professional Liability Insurance Program, the claims for audit errors in governmental and not-for-profit audits result in the highest defense and settlement costs paid by CPA firms. Why do you think that is possible? What can you find in support of or in opposition to this claim? What could be done to improve this situation?

 
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