Which part of the financial section of the CAFR is considered "Required Supplementary Information? "
A) Auditor's Report
B) Management's Discussion and Analysis
C) Government-Wide Financial Statements
D) Fund Financial Statements

Question

Quizplus · Accepted Answer

Management's Discussion and Analysis (MD&A) is considered Required Supplementary Information (RSI) in the financial section of the Comprehensive Annual Financial Report (CAFR). RSI provides additional financial and non-financial information that is useful in understanding the government's financial position and performance. The Auditor's Report is a separate section that includes the independent auditor's opinion on the fairness of the financial statements. The Government-Wide Financial Statements and Fund Financial Statements are both primary financial statements and are not considered RSI.

Which Part of the Financial Section of the CAFR Is