Which of the following is true regarding the organization of the comprehensive annual financial report?a. The three major sections are introductory, financial, and statistical.b. The management’s discussion and analysis is considered to be part of the introductory section.c. The auditor’s report is considered to be part of the statistical section.d. Basic financial statements include the government-wide statements, the budgetary statement, and the notes to the financial statements.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 1C
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Which of the following is true regarding the organization of the comprehensive annual financial report?
a. The three major sections are introductory, financial, and statistical.
b. The management’s discussion and analysis is considered to be part of the introductory section.
c. The auditor’s report is considered to be part of the statistical section.
d. Basic financial statements include the government-wide statements, the budgetary statement, and the notes to the financial statements.

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