Which of the following is NOT a purpose of external financial reporting by governments? External financial reports should allow users to
A)Assess financial condition.
B)Compare actual results with the budget.
C)Assess the ability of elected officials to effectively manage people.
D)Evaluate efficiency and effectiveness.

Question

Quizplus · Accepted Answer

External financial reporting by governments should provide information to assess the financial condition, compare actual results with the budget, and evaluate efficiency and effectiveness. However, assessing the ability of elected officials to effectively manage people is not a primary purpose of external financial reporting.

Which of the Following Is NOT a Purpose of External