The management's discussion and analysis (MD&A) required in general purpose federal financial reporting is different than that required by GASB of state and local governments in that:

Question 91 options:

A)	It is outside the general purpose federal financial report and is optional, not required.

B)	There are no significant differences.

C)	It is a part of the basic financial statements and, as a result, it is audited along with the financial statements.

D)	It includes information about the agency's performance goals and results in addition to financial activities.