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Why do government need to see financial statements?
They are primary users of government financial reports. They look to financial reports to provide information to help them assess the government's stewardship of resources, compliance with legislation and other authorities, state of finances and performance.
Who is the auditor of the government?
GAO is the supreme audit institution for the United States. Federal and state auditors look to GAO to provide standards for internal controls, financial audits, and other types of government audits.
Where is the best place to find annual reports?
AnnualReports.com is the most complete and up-to-date listing of annual report on the internet.
What is the annual financial statement of the government?
This statement titled \u201cAnnual Financial Statement\u201d is the main Budget document. The Annual Financial Statement shows the receipts and payments of Government under the three parts in which Government accounts are kept: (i) Consolidated Fund, (ii) Contingency Fund and (iii) Public Account. 2.
Who audits the Canadian government?
The Office of the Auditor General audits a vast range of activities conducted by the Canadian federal government and the three territories.
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Free Resources for Financial Information EDGAR--SEC Website. ... Company's Website. ... Public Register's Annual Reports. ... Yahoo Finance. ... Google Finance. ... Company Spotlight from Investopedia. ... Investor Relations Information Network (IRIN) ... The Annual Reports Service.
What are the financial statements of government entities?
The government financial statements usually include a statement of activities (similar to an income statement in the private sector), a balance sheet and often some type of reconciliation. Cash flow statements are often included to show the sources of the revenue and the destination of the expenses.
Why do governments publish audited annual financial statements?
Assess the finances of the government in its entirety, including the year's operating results. Determine whether the government's overall financial position improved or deteriorated. Evaluate whether the government's current-year revenues were sufficient to pay for current-year services.
How do I find a company's Australian financial statements?
Financial reports are available on ASIC's public register. To locate a specific company's financial report you can complete a company name search on Organisations & Business Names at ASIC Connect.
Related links
Introduction - Columbia Business School
10, Chapter 8 gives the form of the financial statements you should work with and the accounting ... This case utilizes Nike's financials for 2000-2010.
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