Which of the following would not be provided by management's discussion and analysis (MD&A)?
A) A narrative explanation of the contents of the CAFR.
B) A description of the government's financial condition.
C) A forecast of revenues and expenditures for the next three fiscal years.
D) A discussion of economic factors and the budget and tax rates approved for the next year.

Question

Quizplus · Accepted Answer

MD&A provides information about the government's financial condition, economic factors, and budget and tax rates for the next year. However, it does not provide a forecast of revenues and expenditures for the next three fiscal years. This information is typically included in the government's financial plan or budget document.

Which of the Following Would Not Be Provided by Management's