What are the two primary types of government accountability?

Master the Becker CPA FAR Exam with flashcards and multiple choice questions. Each question is accompanied by hints and detailed explanations to aid your study. Get ready to ace your exam!

The correct response identifies operational and fiscal accountability as the two primary types of government accountability.

Operational accountability refers to the responsibility of government entities to operate efficiently and effectively while providing services to the public. This type of accountability focuses on the performance of government operations, ensuring that they meet established goals and objectives while using resources wisely. It encompasses aspects such as service delivery and program effectiveness, which are critical for ensuring that government resources are utilized to achieve the intended outcomes for citizens.

Fiscal accountability, on the other hand, emphasizes the government's obligation to properly manage and report on its financial resources. This includes transparency in financial reporting, adherence to budgets, and compliance with applicable laws and regulations concerning financial management. Fiscal accountability ensures that government entities are held responsible for how they collect, spend, and report public funds, ultimately safeguarding public trust and confidence in government operations.

In contrast to these two primary types, the other options include aspects that, while relevant in certain contexts, do not encompass the core principles of government accountability as defined within the broader framework of public sector financial reporting and accountability.

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