What is the main objective of public sector financial reporting

What is the main objective of public sector financial reporting

What is the main objective of public sector financial reporting?

    A) To maximize shareholder wealth

    B) To provide information for decision-making by users and demonstrate accountability

    C) To minimize taxes

    D) To increase revenue

    Answer: B

    Explanation: Public sector financial reporting aims to provide information for decision-making and demonstrate accountability for the use of public funds.