Which of the following is NOT a purpose of external financial reporting by governments?
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

Which of the following is NOT a purpose of external financial reporting by governments? 
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.

Quizplus · Accepted Answer

The primary purposes of external financial reporting by governments include assessing financial condition, comparing actual financial results with the budget, and evaluating efficiency and effectiveness. Assessing the ability of elected officials to effectively manage people is not a direct purpose of external financial reporting.

Which of the Following Is NOT a Purpose of External