The GASB refers to accountability as the cornerstone of financial reporting for governments "Financial accountability" is a term used to describe a relationship between two entities. Do you think an organization can be financially accountable for another in government? Explain how it is possible by giving at least two examples? In your opinion, how does the concept of financial accountability compare to that of consolidation? Explain your response?

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The GASB refers to accountability as the cornerstone of financial reporting for governments Financial accountability is a term used to describe a rela... View the full answer