Which of the following would NOT be classified as required supplementary information (RSI)?
A) MD&A.
B) Information about infrastructure condition (for governments that do not depreciate infrastructure).
C) Letter of transmittal included in a government's CAFR.
D) Multi-year schedule of funding progress for a government's pension plan.

Question

Quizplus · Accepted Answer

The letter of transmittal included in a government's Comprehensive Annual Financial Report (CAFR) is not classified as required supplementary information (RSI). RSI typically includes information that is essential for understanding the financial statements, such as Management's Discussion and Analysis (MD&A), information about infrastructure condition for governments that do not depreciate infrastructure, and multi-year schedules of funding progress for pension plans. The letter of transmittal, however, serves as an introductory section of the CAFR and does not meet the criteria for RSI.

Which of the Following Would NOT Be Classified as Required