A statistical section should be included in
A) A comprehensive annual financial report (CAFR).
B) The basic financial statements.
C) The notes to the financial statements.
D) Required supplementary information, other than MD&A.

Question

Quizplus · Accepted Answer

A statistical section should be included in a Comprehensive Annual Financial Report (CAFR). The statistical section provides additional data and information to users of the financial statements, such as demographic and economic indicators, financial trends, and revenue capacity. It is not included in the basic financial statements or notes to the financial statements, and is separate from required supplementary information such as Management's Discussion and Analysis (MD&A).

A Statistical Section Should Be Included in