Major external users of governmental and nonprofit entity financial reports are oversight bodies, service recipients, and owners.

Question

Quizplus · Accepted Answer

Although it is true that oversight bodies and service recipients are major external users of governmental and nonprofit entity financial reports, neither governments or nonprofits have owners. Instead, they are accountable to resource providers, such as taxpayers, donors, investors, and grant-providing organizations.

Major External Users of Governmental and Nonprofit Entity Financial Reports