Special purpose governments engaged only in fiduciary-type activities are required to prepare all of the following except: A) Statement of Fiduciary Net Position B) Statement of Cash Flows C) Statement of Changes in Fiduciary Net Position D) Management Discussion and Analysis

Question

Quizplus · Accepted Answer

Special-purpose governments engaged only in fiduciary activities prepare only the fund-basis statements required of fiduciary funds; the Statement of Fiduciary Net Position and the Statement of Changes in Fiduciary Net Position plus RSI. A Statement of Cash Flows is not required

Special Purpose Governments Engaged Only in Fiduciary-Type Activities Are Required