answersLogoWhite

0


Best Answer

Financial reporting in government can be seen as a summary of the government's performance, or capacity, in raising, handling, and using public money. Another way of expressing the role of financial reporting is to say it goes hand in hand with accountability. Accountability is often considered one of the cornerstones of good democratic governments. Officials are given authority and responsibility and it is the task of the officials to clearly convey actions taken and whether these actions fall within the prescriptions of law and community wishes.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why reports must be made to government?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the government site for free credit reports?

There IS no government site for free credit reports, since credit reports are provided by private firms, NOT by the government.


Why reports must be made to investors?

They invested money and want to know how you used it and profits from it.


Why did positive government reports about the progress in Vietnam suffer from a crebillty gap?

government reports about Vietnam were often contradicted by news reports. ~ Novanet and gradpoint(:


Who is the publisher for GAO reports?

Since the Government Accountability Office (GAO) is a federal agency, the federal government is considered to be the publisher of GAO reports.


What is efficient reports?

The reports that are to the point are called efficient reports. These reports could be made by efficient employees.


What is meaning of statutory report?

A statutory report is a type of report that must be submitted to a government agency. These reports can contain financial information or other important information.


WHAT government body must ratify treaties made with foreign countries?

The Senate.


How do you prove you are mentally stable in a custody battle?

In order to be considered unstable there must be supporting documentation such as physicians reports, hospital reports, psychiatrist reports, medication reports, police reports, etc. In order to prove your condition has stabilized you would need recent medical documentation stating you have recovered.In order to be considered unstable there must be supporting documentation such as physicians reports, hospital reports, psychiatrist reports, medication reports, police reports, etc. In order to prove your condition has stabilized you would need recent medical documentation stating you have recovered.In order to be considered unstable there must be supporting documentation such as physicians reports, hospital reports, psychiatrist reports, medication reports, police reports, etc. In order to prove your condition has stabilized you would need recent medical documentation stating you have recovered.In order to be considered unstable there must be supporting documentation such as physicians reports, hospital reports, psychiatrist reports, medication reports, police reports, etc. In order to prove your condition has stabilized you would need recent medical documentation stating you have recovered.


Which branch of government must approve treaties made with other countries?

legislative branch


When preparing a pr and c you must?

Flash reports are


A law is rule made by government which people must obey?

The question, when worded as a statement, is true.


Definition of industrial practice?

Industrial practice, or industry practice, refers to government regulated industries that must follow requirements for financial reporting. It refers to the accounting constraints for the preparation of financial reports.