The CICA's Public Sector Accounting Board (PSAB)identified Nine Unique Characteristics

question 15

Essay

The CICA's Public Sector Accounting Board (PSAB)identified nine unique characteristics of governments that differentiate them from private sector reporting.List these nine characteristics.

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Definitions:

Workgroup

A group of individuals who work together towards a common goal, typically within the same department or project team.

LMX

Leader-Member Exchange theory, a concept that focuses on the two-way (dyadic) relationship between leaders and members which can affect the performance and satisfaction of both.

Cultures

The collective patterns of values, beliefs, behaviors, and artifacts that characterize a group of people or an organization.

LMX Theory

Leadership Member Exchange Theory, which suggests that leaders develop unique one-to-one relationships with each of the people reporting to them, affecting outcomes like job satisfaction and performance.