https://doa.alaska.gov/dof/reports/resource/2023acfr.pdf
For example, if I ask:
Has the government prepared statements in compliance with the GASBS 34 financial reporting model? Explain.
A good answer would look something like this:
Yes, the State of Alaska’s FY21 ACFR is prepared in compliance with GASBS 34. The ACFR includes Introductory, Financial, and Statistical Sections. In addition, the ACFR includes a transmittal letter to Governor Michael Dunleavy (p. i), an Independent Auditor’s Report (pp. 3-7), and a Management’s Discussion and Analysis (pp. 9-18). The financial statements include both government-wide (pp. 21-24) and fund statements (pp. 27-49) that contain, when appropriate, reconciliation to the government-wide statements.
Please provide answers in complete sentences. Answers that include only Yes, No, or just a dollar amount will not receive credit.
General Long-term Liabilities
Disclosure of Long-term Debt
1. Does the ACFR contain evidence that the government has general long-term liabilities? What evidence is there?
2. Does the ACFR report specify that no such debt is outstanding, or does it include a list of outstanding tax-supported debt issues; capital lease obligations; claims, judgments, and compensated absence payments to be made in future years?
Changes in Long-term Liabilities
1. How are changes in long-term liabilities during the year disclosed? Is there a disclosure schedule for long-term liabilities similar to Illustration 6-1?
2. Does the information in that schedule agree with the statements presented for capital project funds and government-wide financial statements?
3. Does the ACFR contain information as to the legal debt limit and legal debt margin? Explain.
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