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According to GASB Codification Section 2200.109, the MD&A section of the CAFR: ______. a. Must be omitted b. Is optional c. Should include historical anecdotes d. Is required
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According to GASB Codification Section 2200.109, the MD&A section of the CAFR: ______.

a. Must be omitted
b. Is optional
c. Should include historical anecdotes
d. Is required

User Gerard Wilkinson
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1 Answer

3 votes

Final answer:

The MD&A section of the CAFR is required.

Step-by-step explanation:

According to GASB Codification Section 2200.109, the MD&A section of the CAFR is required.

The MD&A, which stands for Management's Discussion and Analysis, is an important component of the Comprehensive Annual Financial Report (CAFR). It provides readers with an analysis of the government entity's financial performance and future outlook, helping them understand the financial statements in a broader context.

User Brendan Moore
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