Take the following as truth: (2) required audited financial statements annually, and (3) set expectations for agencies to develop and deploy more modern financial management systems, produce sound cost and operating performance information, and design results oriented reports on the government's financial condition by integrating budget, accounting, and program information.
Then the following statement: "The development of more modern systems of financial management was under the third point." is true, false, or inconclusive?
Answer: True