Which of the following is one of the minimum requirements established by the GASB for general purpose external financial reporting?
A)introductory letter to report recipients
B)management's discussion and analysis
C)statistical section,with tables of revenues by source and expenditures by function
D)combining statement of non-major funds

Question

Quizplus · Accepted Answer

Management's discussion and analysis (MD&A) is a minimum requirement established by the GASB for general purpose external financial reporting. The MD&A provides context and analysis to help readers understand the financial statements and the financial health of the entity. The other options (A, C, D) are also components of external financial reporting, but they are not specifically required by the GASB as minimum requirements.

Which of the Following Is One of the Minimum Requirements