The descriptive sections of the annual report that provides insight into what the company does and the types of risks it faces is referred to as
A)the audit opinion.
B)the industry overview.
C)notes to the financial statements.
D)management discussion and analysis.

Question

Quizplus · Accepted Answer

The management discussion and analysis (MD&A) section of the annual report provides an overview of the company's operations, performance, risks and uncertainties faced by the company, and future outlook. It provides insight into what the company does and how it operates, as well as the types of risks it faces. The audit opinion provides the auditor's opinion on the financial statements, the industry overview provides an analysis of the industry in which the company operates, and the notes to the financial statements provide additional details about specific financial transactions or events.

The Descriptive Sections of the Annual Report That Provides Insight