An Independent Auditor's Report a. Is issued separately for each fund group maintained by an SLG b. is not required by GASB to be obtained and reported by SLGs who prepare a CAFR c Is presented in the first section of the Financial Section of a CAFR d. Is included in the Financial Section of the Basic Financial Statements QUESTIONS Fund Financial Statements a. Include year end balances and results of activieis for the GCA and GLTL in Interneal Service Fund totals b. Do not include Internal Service Funds c. Require reconciliations to Government-wide financial statement totals from the balance sheet and operating statements of total Government Funds and total Enterprise Funds O d. Do not include Agency Funds QUESTION 9 A regional transit authority is a compponent unit of the County in which it is located in accordance with GASB requirements. The County is nc deemed to be an includable component unit of the state in which it is located