MCQsMind — Pakistan's MCQ Platform
Financial Action Task Force (FATF)

Which institution is primarily responsible for ensuring financial accountability of government expenditures?

MCQ

MCQ Answer

A. Supreme Audit Institution or Auditor-General (external audit) Correct

Explanation

Supreme Audit Institutions conduct independent external audits to verify legality and propriety of government financial transactions, ensuring financial accountability.

B. Political parties in opposition
C. Administrative ministries conducting internal reviews only
D. Street-level bureaucrats implementing services

Correct Answer

Supreme Audit Institution or Auditor-General (external audit)

Practice More Financial Action Task Force (FATF) MCQs Discuss Report