All budgets, whether national, regional, or local, should be tied to specific objectives. All government revenue
raising and spending should fall into one of the following objectives given below please choose the correct
option:
Management must continually _________and develop clearly defined control objectives. The ________are the
policies and procedures that help ensure that management’s objectives are followed.
Which institution plays a major role in auditing government accounts and operations and in promoting sound
financial management and accountability in their governments?
General Funds are the chief operating fund for a government is called the general fund, where as Special
Revenue Funds are the funds that are used when the revenue sources are earmarked for a specific purpose
(special tax or grant requirement);