Which statement reflects GASB's view on reporting performance accountability?

The correct choice emphasizes that performance accountability should encompass both efficiency and effectiveness in reporting. This perspective aligns with the Governmental Accounting Standards Board (GASB) framework, which aims to provide a comprehensive view of how public entities manage their resources and achieve their objectives.

By including both efficiency—how well resources are used to achieve outcomes—and effectiveness—the extent to which objectives are met—this approach allows stakeholders to critically assess not only how well a government entity is performing but also whether it is doing so in a resource-conscious manner. This dual focus enhances the quality of accountability reporting by enabling a more rounded evaluation of performance, rather than limiting it to a single aspect.

This inclusive approach supports the broader goals of governmental transparency and accountability, ensuring that all relevant information is presented to stakeholders such as taxpayers, government officials, and lawmakers.