Posted by: Margaret Rouse
finance, government 2.0
Today?s?WhatIs.com Word of the Day is PAR, which stands for?performance and accountability reporting. In the United States, PARs provide financial and performance information that enables the President, the Congress and the public to assess the performance of an agency relative to its mission and to demonstrate accountability.
In the spirit of government transparency and in accordance with OMB Circular A-136, Financial Reporting Requirements, government agencies may choose either to produce a consolidated Performance and Accountability Report (PAR) or a separate Agency Financial Report (AFR) and Annual Performance Report (APR).
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