Per the FASAB, a federal entity should be considered a reporting entity and thereby must issue annual
Question:
Per the FASAB, a federal entity should be considered a reporting entity and thereby must issue annual reports if it
a. Is listed in the OMB 's Catalog of Federal Agencies
b. Has been designated as a reporting entity by Congress
c. Is controlled by the federal government with risk of loss or expectation of benefits
d. Meets 0MB minimum revenue requirements
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c Is controlled by ...View the full answer
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Related Book For 
Government And Not For Profit Accounting Concepts And Practices
ISBN: 9781119803898
9th Edition
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese
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