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Chapter 11

Granof-5e

Chapter 11

Granof-5e

Criteria for Reporting Entities (Cont’d)

General Rule:

- A component unit is fiscally accountable only if the primary   government controls the appointment of its governing board.  

Exception:

If a component unit is fiscally dependent on the primary government, it is fiscally accountable even if its governing bodies are not appointed by the primary government.  

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