Government departments are now required to report in accordance with AAS 29 'Financial reporting by government departments'.Opponents of this requirement suggest that:
A) it is not a good move as it makes managers to be more accountable for their department's performance.
B) it is not a good move, as it emphasises the use of cash accounting by government departments.
C) it is not a good move, as it distracts managers from pursuing their proper goals: the provision of social services.
D) it is not a good move as it introduces value added reporting.
E) All of the given answers.

Question

Quizplus · Accepted Answer

Opponents of the requirement argue that focusing on financial reporting can distract managers from their primary goals of providing social services. This suggests that they believe that the reporting requirement may take away from time and resources that could be devoted to providing those services.

Government Departments Are Now Required to Report in Accordance with AAS