Which of the following is most correct with regard to Management's Discussion and Analysis MD&A?
A) State and local governments are required to provide an MD&A.
B) Federal agency financial reports are required to provide an MD&A.
C) Both state and local governments and federal agencies are encouraged, but not required to provide an MD&A.
D) Both state and local governments and federal agencies are required to provide an MD&A.

Question

Quizplus · Accepted Answer

Management's Discussion and Analysis is required by federal SFFAC 3) and state and local governments a component of RSI.

Which of the Following Is Most Correct with Regard to Management's