The PSAB has identified a number of key characteristics of public sector entities. Which of the following is not one of these characteristics?

A) Have non-exchange transactions
B) Importance of budgets
C) Legislated financial framework
D) May have equity ownership

Public Sector Entities

Organizations that operate within the public sector, typically funded and operated by government bodies, and responsible for delivering public programs, goods, or services.

Non-Exchange Transactions

Transactions where an entity receives value without directly giving approximately equal value in exchange, often seen in government and non-profit organizations.

Equity Ownership

Refers to the holding of stock or shares in a company, representing a claim on the company's assets and earnings.