Audited financial statements in the us federal government: The question of policy and management utility

Autor:	Douglas A. Brook
Rok vydání:	2013
Předmět:	Finance Public Administration business.industry Strategy and Management Accounting management Financial statement analysis Accounting Management assertions Financial management Financial analysis Statement of changes in financial position Business Financial statement Strategic financial management
Zdroj:	Journal of Public Budgeting, Accounting & Financial Management. 25:135-157
ISSN:	1096-3367
DOI:	10.1108/jpbafm-25-01-2013-b007
Popis:	The Chief Financial Officers Act and subsequent legislation require federal agencies to produce corporate-style financial statements. Arguments for financial statements drew on private sector analogies and suggested policy makers and managers would use the information to make better public policy and management decisions and improve accountability for financial management and program performance. Nearly all major government agencies have unqualified audit opinions and improvements in financial management are claimed. But benefits for policy making and management are not yet well understood. This paper examines the question by comparison with the private sector and by examining what agencies say about the uses and users of financial statement information. The emerging challenge in the evolution of federal financial reporting is to develop better government-specific analytical tools and other financial information for policy makers and managers.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::19318309b4cabdbaab12d1b8b4685843 https://doi.org/10.1108/jpbafm-25-01-2013-b007 Zobrazit plný text záznamu