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dc.contributor.authorBrook, Douglas A.
dc.date.accessioned2018-04-05T15:50:06Z
dc.date.available2018-04-05T15:50:06Z
dc.date.issued2013
dc.identifier.citationBrook, Douglas A. "Audited financial statements in the US federal government: The question of policy and management utility." Journal of Public Budgeting, Accounting & Financial Management 25, no. 1 (2013): 135-157.
dc.identifier.urihttps://hdl.handle.net/10945/57697
dc.descriptionThe article of record as published may be found at http://dx.doi.org/10.1108/JPBAFM-25-01-2013-B007
dc.description.abstractThe 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.en_US
dc.format.extent23 p.
dc.publisherEmerald Publishing Limited
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
dc.titleAudited Financial Statements in the US Federal Government: The Question of Policy and Management Utilityen_US
dc.typeResearch Paper
dc.contributor.corporateNaval Postgraduate School (U.S.)
dc.contributor.departmentGraduate School of Business and Public Policy (GSBPP)en_US


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