A quasi-governmental organization, corporation, business, or agency is an entity that is treated by national laws and regulations to be under the guidance of the government, but also separate and autonomous from the government.
While the entity may receive some revenue from charging customers for its services, these organizations are often partially or majorly funded by the government. They are usually considered highly important to smooth running of society, and are sometimes propped up with cash infusions in times of crisis to help surmount situations that would bankrupt a normal privately-owned business. They may also possess law-enforcement authority, usually related to their functions.
Governmental Audit Quality Center launched by AICPA: third of three audit quality centers open. (Accounting & Auditing).
Nov 01, 2004; The AICPA launched the governmental Audit Quality Center on September 27, 2004. The Center, which is now accepting member...