Which of the following is an objective of federal financial reporting?
A) Budgetary Integrity
B) Operating Performance
C) Stewardship
D) All of the above

Question

Quizplus · Accepted Answer

All three options, Budgetary Integrity, Operating Performance, and Stewardship, are objectives of federal financial reporting. Budgetary Integrity refers to reporting of actual financial activities compared to the original budget, Operating Performance aims to provide information on the government's efficiency and effectiveness in achieving its objectives, and Stewardship refers to the government’s accountability for the use of public resources. Therefore, option D is the correct answer.

Which of the Following Is an Objective of Federal Financial