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ASB-34 requires that state and local governments will include a Management Discussion and Analysis (MD&A)section preceding the basic financial statements. Describe and discuss this requirement

ASB-34 requires that state and local governments will include a Management Discussion and Analysis (MD&A)section preceding the basic financial statements. Describe and discuss this requirement and compare this requirement with the SB-2 Report - (MD&A) as required by SOX.

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