A Comprehensive Annual Financial Report (CAFR)prepared in Conformity with GASB

question 43

Multiple Choice

A comprehensive annual financial report (CAFR) prepared in conformity with GASB recommendations should include which of the following sections?

• A) Letter of transmittal, management's discussion and analysis (MD&A), and financial.
• B) Introductory, financial, and statistical.
• C) Introductory, MD&A, and financial.
• D) Letter of transmittal, financial, and supplementary.

---

Definitions:

Performance Appraisal System

A structured process by which employee performance is evaluated and feedback is provided.

Reliable

The quality of being consistently good in performance, allowing someone or something to be trusted.

Scientific Management

Uses systematic study of job components to develop practices to increase people’s efficiency at work.

Frederick Taylor

is known as the father of scientific management, emphasizing efficiency and productivity through the systematic study of work processes.