Which of the Following Is Not an Objective of Financial

question 31

Multiple Choice

Which of the following is not an objective of financial reporting by state and local governments?

• A) To assist users in assessing the adequacy of systems and controls.
• B) To assist users in assessing financial condition and results of operations.
• C) To assist financial report users in comparing actual financial results with the legally adopted budget.
• D) To assist in determining compliance with finance-related laws, rules, and regulations.

---

Definitions:

Employee Empowerment

The practice of giving employees the autonomy, resources, and skills to make decisions and contribute to the company's success.

Values-based

Decision-making or actions that are guided by personal values and ethical beliefs rather than solely by the pursuit of profit or practical outcomes.

Organizational Culture

Refers to the shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.