Which of the following should be included in the financial section of a comprehensive annual financial report?
A) Transmittal letter.
B) The basic financial statements, including notes thereto.
C) Tables and charts showing demographic and economic data.
D) A description of the government.

Question

Quizplus · Accepted Answer

The financial section of a comprehensive annual financial report should include the basic financial statements, including notes thereto. This includes the statement of net position, the statement of activities, and the statement of cash flows. These statements provide information about the government's financial position, activities, and cash flows, which are necessary for stakeholders to make informed decisions. The other options listed may be included in a comprehensive annual financial report, but they would not be included in the financial section.

Which of the Following Should Be Included in the Financial