The FASAB said that financial reporting should assist users in understanding whether financial management systems and internal
Question:
The FASAB said that financial reporting should assist users in understanding
whether financial management systems and internal accounting and administrative controls are adequate. (See subsection on federal government reporting on page 9.) Why do you think the FASAB established this objective? How might this objective be implemented in financial reporting?
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Related Book For 
Introduction To Government And Not For Profit Accounting
ISBN: 9780130464149
5th Edition
Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch
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