The introductory section of a CAFR includes which of the following?
A)Auditor's opinion on the basic financial statements.
B)Basic financial statements.
C)Letter of Transmittal.
D)MD&A and other RSI.

Question

Quizplus · Accepted Answer

The introductory section of a CAFR typically includes a Letter of Transmittal, which is a brief summary of the report and provides key information about the government's financial position. It may also include other information such as a table of contents, a list of officials, and a description of the government's organizational structure. However, it does not typically include the auditor's opinion on the basic financial statements or the MD&A and other RSI, which are usually presented in separate sections of the CAFR.

The Introductory Section of a CAFR Includes Which of the Following