Which of the following is true regarding Management's Discussion and Analysis (MD&A)?
A) MD&A is not considered part of Required Supplementary Information (RSI).
B) MD&A takes the place of footnotes.
C) MD&A should present an analysis of significant variations between the original and final budget.
D) All of the above are true.

Question

Quizplus · Accepted Answer

MD&A should present an analysis of significant variations between the original and final budget. Options A and B are false, as MD&A is considered part of Required Supplementary Information (RSI) and does not replace footnotes.

Which of the Following Is True Regarding Management's Discussion and Analysis