Which office created in 1876 functions as the chief fiscal and revenue forecasting office and is responsible for investing state funds?

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18-08-2022
Social Studies

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Which office created in 1876 functions as the chief fiscal and revenue forecasting office and is responsible for investing state funds?

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kuruppu kuruppu · Answer 1 · 2022-08-26T16:59:41+02:00

The office of the comptroller of public accounts was created in 1876 functions as the chief fiscal and revenue forecasting office and is responsible for investing state funds.

What makes the comptroller so crucial?

Since they have to make sure that money is spent and accounted for properly, comptrollers are typically in charge of managing an organization's finances.
The general ledger is kept up to date by the comptroller, who also makes sure the financial statements are accurate and adhere to the right standards.
Due to the relevance of their function, which includes notifying the legislature about expenditures, the comptroller of public accounts is crucial to the legislature.
The comptroller's primary responsibility is to estimate the budget and advise the legislators of the available funds for the budget.

To learn more about comptroller of public accounts, refer to the following link:

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