Since neither governments nor not-for-profit entities have investors, the financial reporting objectives are the same for both types of entities.

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The financial reporting objectives differ for governments and not-for-profit entities compared to for-profit entities, as they have different stakeholder and accountability requirements. While for-profit entities have investors as their primary stakeholders, governments and not-for-profit entities have a range of stakeholders, including citizens, donors, regulators, and grantors. Therefore, the objectives of financial reporting for governments and not-for-profit entities include transparency, accountability, and stewardship, in addition to providing useful information for decision making.

Since Neither Governments nor Not-For-Profit Entities Have Investors, the Financial