Multiple Choice
Which of the following is not listed by the GASB as an objective of governmental financial reporting?
A) Assist users in assessing government's duty to be publicly accountable
B) Assist users in evaluating a government's operating results
C) Assist users in assessing a government's internal controls over financial reporting
D) Assist users in assessing the level of services that a government can provide
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Required supplementary information for a state or
Q8: In Management's Discussion and Analysis (MD&A), what
Q9: A discussion of accounting policies regarding individual
Q10: To what extent should matters affecting the
Q11: Governments should prepare financial statements by major
Q13: Notes are an integral part of the
Q14: Budgetary comparison schedules for the General Fund
Q15: In the debt capacity section of the
Q16: What are the GASB's requirements concerning the
Q17: The GASB requires certain note disclosures regarding