Question

Which of the following would typically not be included in the introductory section of a comprehensive annual financial report?

Question 1 options:

	A) Letter of transmittal.
	B) Title and contents page.
	C) Summary of the government's current financial position and results of financial activities.
	D) A description of the government.

Answer 1

Correct option is "C"- Summary of the government's current financial position and results of financial activities

The Comprehensive annual financial report (CAFR) consists of three section :Introductory section ,Financial section and statistical section.

The introductory section guides the reader by giving summarized introduction to what is contained in the report .The financial section reports the entity's financial statement ,notes to accounts and the auditors report on it .

So Summary of the government's current financial position and results of financial activities is reported under Financial section of CAFR.(and not under introductory section)