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What is governments' accountability defined in GASB Concept Statement 1? Does the CCR report provide relevant information that enables their various constituents to evaluate the

  1. What is governments' accountability defined in GASB Concept Statement 1?
  2. Does the CCR report provide relevant information that enables their various constituents to evaluate the overall performance and financial conditions?
  3. Unlike corporations, there is no universal performance measure for governments. What do you believe primary performance measure(s) would (should) be reported in the CCR? Also, discuss your rationale for your choice.
  4. Conclude your discussions about the effectiveness of the CCR information in terms of fulfilling governmental accountability.

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