Differentiate the following:

i. Statement of Financial Position prepared by the public sector entity and private sector entity.

ii. The matching principles used in preparation of financial statement by the public sector entity and private sector entity. (6 marks) (CLO2:PLO5:C4

c) Explain the type information needed by the following users and what kind of decision to be made by them: i. Government auditors and oversight committee ii. Taxpayers and voters (4 marks) (CLO2:PLO5:C2)

d) Discuss on how financial reporting by public sector enhance can enhance public sector accountability.