The general purpose financial reports of a superannuation plan should provide information to assist in answering the following question:

Question

Quizplus · Accepted Answer

The general purpose financial reports of a superannuation plan should provide information about the plan's solvency, including its assets, liabilities, income, and expenses. This information is important for plan members to know whether their retirement savings are secure and the plan is able to pay their benefits when due. Information about the trustees and professional advisers may be available in the report, but they are not the primary focus.

The General Purpose Financial Reports of a Superannuation Plan Should