Question

Which of the following would not be included within the financial section of the comprehensive annual financial report (CAFR)?

a) Management's discussion and analysis (MD&A).
b) Management's letter of transmittal.
c) Independent auditor's report.
d) Required supplementary information (RSI).

Answer 1

Management's letter of transmittal would not be included in the financial section of the CAFR.

Step-by-step explanation:

The financial section of the comprehensive annual financial report (CAFR) typically includes several components such as Management's discussion and analysis (MD&A), Independent auditor's report, and Required supplementary information (RSI). However, Management's letter of transmittal would not be included within the financial section of the CAFR. Instead, it is a separate document that provides an introduction to the CAFR and highlights key aspects of the report.