Which of the following statements correctly reflects the authority of the FIFA Finance Committee?

The authority of the FIFA Finance Committee primarily centers around the oversight of financial matters related to FIFA's operations. One of its key functions is to review and approve the annual financial statements that provide transparency and accountability regarding FIFA's financial health and activities. This ensures that financial decisions are made in accordance with the organization's governing standards and regulations, validating that the financial records appropriately reflect FIFA's income, expenditures, and reserves.

The other options do not fall under the purview of the Finance Committee. The sanctioning of individual players for misconduct involves disciplinary actions managed by a different body within FIFA, such as the Disciplinary Committee. Negotiating broadcasting rights is typically handled by FIFA’s commercial and marketing departments, not the Finance Committee. The election of the FIFA President is conducted through a voting process involving FIFA member associations, which is outside the scope of the Finance Committee’s functions. Thus, the correct answer reflects the specific responsibilities assigned to the FIFA Finance Committee.