For basic financial statements of a local government to be presented fairly in all material respects, the basic financial statements must include an opinion unit for:

Question

Quizplus · Accepted Answer

The opinion unit for basic financial statements of a local government should include all governmental activities in the government-wide financial statements. This will ensure that the financial statements present fairly all material respects of the government's financial position, results of operations, and cash flows. Selecting options B, C, or D would not be appropriate for the opinion unit as these relate to specific fund types or fiduciary activities, which may not be relevant for presenting the overall financial position of the government.

For Basic Financial Statements of a Local Government to Be