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Public Budgeting and Accounting

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How critical is the accounting system to hold public officials answerable for the appropriated funds in their trust? Provide examples to support your responses.

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The expert examines public budgeting and accounting.

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The accounting system to hold public officials answerable for the appropriated funding in their trust, is a supremely important part of government fiscal accounting. This accounting system will keep a highly accurate accounting of the funding that has been disbursed to different public officials and organizations, which is of critical importance to taxpayers and other stakeholders, whose monies are being appropriated in this manner. Without a highly accurate and efficient ...

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