The ___________ is the government's official annual report prepared and published as a matter of public record.
A) comprehensive annual financial report
B) governmental annual financial report
C) independent auditor's report
D) complete audited financial report

Question

Quizplus · Accepted Answer

The comprehensive annual financial report (CAFR) is the government's official annual report that includes audited financial statements, management discussion and analysis, and other supplementary sections. It is prepared and published as a matter of public record to provide a complete and transparent view of the government's financial activities. The other options, governmental annual financial report, independent auditor's report, and complete audited financial report, do not accurately describe the CAFR.

The ___________ Is the Government's Official Annual Report Prepared and Published