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Using the Annual Comprehensive Financial Report (ACFR) for a state or local government and your...

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Accounting

Using the Annual Comprehensive Financial Report (ACFR) for a state or local government and your chapter readings, distinguish between the letter of transmittal and the Management's Discussion and Analysis. What should each disclosure contain? Can the information contained within be duplicative? Why or why not? Use the ACFR you selected to support your explanations. Be sure to provide a link or attachment to the ACFR so your classmates can review it. Participate in follow-up discussions by comparing the explanations and ACFR provided by your classmate.

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