Which group is identified as a primary user of state or local government's general-purpose external financial statements?

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Multiple Choice

Which group is identified as a primary user of state or local government's general-purpose external financial statements?

Explanation:
General-purpose external financial statements are prepared to inform the public about how a state or local government is raising and using resources, with a focus on accountability and stewardship. The primary external user is the citizen, because these statements are meant to enable residents to judge whether public funds are being managed wisely and whether the government can meet its obligations in the future. While others such as vendors, federal agencies, and investors may use the information, citizens are the main audience for GPFS due to the accountability purpose behind this reporting.

General-purpose external financial statements are prepared to inform the public about how a state or local government is raising and using resources, with a focus on accountability and stewardship. The primary external user is the citizen, because these statements are meant to enable residents to judge whether public funds are being managed wisely and whether the government can meet its obligations in the future. While others such as vendors, federal agencies, and investors may use the information, citizens are the main audience for GPFS due to the accountability purpose behind this reporting.

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