What is the role of accountability and transparency

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Reference no: EM132659142

Reviewing the basic differences between governmental and private sector accounting. Here focus specifically on the rules for reporting and the additional disclosures needed in the preparation of government-wide financial statements.

Questions

Problem 1: What is the role of accountability and transparency in governmental financial statements?

Problem 2: How are users of these financial statements able to judge whether the government's fiscal condition is sustainable?

Reference no: EM132659142

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