5. A voluntary health and welfare organization is required to present an additional financial statement that is not required of other private not-for-profit entities. Why is this an important...

5. A voluntary health and welfare organization is required to present an additional financial statement that is not required of other private not-for-profit entities. Why is this an important statement?

6. (Appendix) Why would a VHWO wish to present its financial information on a fund basis rather than simply on an organization-wide basis? What benefits are there in fund-basis reporting?