Find a comprehensive annual financial report (CAFR) for any city, state, county, or parish that interests you.

1. What is the fiscal year?
2. What are the three major sections of the CAFR?
3. What firm serves as the independent auditor? Is the opinion unmodified? Modified? What does the auditor’s opinion cover?
4. Do you note an organizational chart or list of principal offers?
5. What is the letter of Transmittal? To whom is it addressed? Who signs this letter? What are the major components of the letter?
6. What are the major items discussed in Managements’ Discussion and Analysis?

Answer rating: 100% (QA)

I am referring to CAFR of California 1 Fiscal year is 2018 ie fiscal year ended June 30 2018 2 The 3 ... View the full answer