Go to the website of the town where you reside and find the Comprehensive Annual Financial Report

Question:

Go to the website of the town where you reside and find the Comprehensive Annual Financial Report (CAFR). Find and print the auditor’s report. Warning: Be careful! CAFRs can be more than 100 pages, so make certain you’re printing only the auditor’s report.

Required:

a. Who audited the financial statements in the CAFR?

b. How does the auditor’s report compare to the three-paragraph standard report used when auditing for- profit companies’ financial statements?

c. What additional paragraphs were added to the report?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...