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Which of the following statements about the rights and obligations of public-sector employees is NOT correct?
Managerial Accounting Reports
Internal financial documents that provide key financial and operational information to help managers make informed decisions.
GAAP
A compilation of standard accounting regulations and practices for financial reporting, termed Generally Accepted Accounting Principles.
Sustainability Accounting Standards Board
A board that was organized in 2011 to develop accounting standards that help companies report decision-useful sustainability information to external financial statement users.
GAAP
Commonly adhered to accounting rules and standards for financial reporting, known as Generally Accepted Accounting Principles.
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