Which of the following would be included in a properly prepared comprehensive annual financial report (CAFR), but not in the minimum requirements for general purpose financial reporting specified by GASB standards?
A) Management's discussion and analysis (MD&A).
B) Government-wide financial statements.
C) Notes to the financial statements.
D) Combining and individual fund financial statements.

Question

Quizplus · Accepted Answer

Combining and individual fund financial statements are included in a CAFR but are not part of the minimum requirements for general purpose financial reporting as specified by GASB standards. The other options (MD&A, government-wide financial statements, and notes to the financial statements) are part of the minimum requirements.

Which of the Following Would Be Included in a Properly