Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations?

Adv Gov & Non Profit Accounting

Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations?

How do states and the federal government differ in the way they exercise this responsibility? Do you agree or disagree that NFPs should be regulated? State your reasoning.

Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations?
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