
One of the purposes of the Federal Financial Management Improvement Act of 1996 was to:
A) Establish a requirement that the financial statements of the federal government as a whole be audited.
B) Improve the effectiveness of programs receiving federal funds.
C) Establish generally accepted federal accounting principles.
D) Rebuild the credibility and restore public confidence in the federal government.
Correct Answer:
Verified
Q29: Which of the following is not an
Q30: Which of the following is not a
Q31: Which of the following statements most accurately
Q32: When an appropriation is passed a federal
Q33: A federal agency does not record depreciation
Q35: Which of the following financial statements is
Q36: A federal agency only records entries in
Q37: Where would federal agencies report information concerning
Q38: The "net position" of a federal agency
Q39: As identified by FASAB, which of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents