The FASAB's Statement of Accounting and Reporting Concepts Statement No

Multiple Choice

The FASAB's Statement of Accounting and Reporting Concepts Statement No. 1 identifies four objectives of federal financial reporting. The requirement to be publicly accountable for laws and regulations related to spending tax revenues relates to which of the four objectives?

A) Stewardship.
B) Operating performance.
C) Budgetary integrity.
D) Accountability.