Which of the following is not an objective identified in FASAB Statement of Accounting and Reporting Concepts No. 1 ?
A) To assist report users in evaluating budgetary integrity.
B) To assist report users in evaluating the extent to which tax burdens have changed.
C) To assist report users in evaluating stewardship.
D) To assist report users in evaluating operating performance.

Question

Quizplus · Accepted Answer

The objective to assist report users in evaluating the extent to which tax burdens have changed is not identified in FASAB Statement of Accounting and Reporting Concepts No. 1. The other objectives listed (evaluating budgetary integrity, stewardship, and operating performance) are all identified in the statement.

Which of the Following Is Not an Objective Identified in FASAB