Which of the following best describes a report's section titled "Management's Discussion and Analysis"?

Question

Quizplus · Accepted Answer

"Management's Discussion and Analysis" is a section in an annual report that explains various items reported in the financial statements. It provides management's perspective on the company's financial performance, operations, and future plans. It is not a report of the independent auditor, does not substitute for the notes to the financial statements, and does not provide assurances that the auditors are responsible for the financial statements.

Which of the Following Best Describes a Report's Section Titled