ACC405_Week 8 Document Discussion 8

IntheACFRthereisanabundanceofinformationthatisgivento

thereaderofthereport.Thereisalsoanindependentauditorreport

included.Aftertheintroductorysection,thisisthefirstthingthatthe

readercanreadandlookthroughinthefinancialsection.Thisisvery

helpfultoknowupfrontthatanindependentauditorperformedan

annualauditonthecounty,andtoseetheirfindingsatthebeginning

andthengothroughtheirauditofthefinancials.TheACFRalsogives

youacomparisonofthebudgetformultipleareasofthecounty.You

canseewhattheyanticipatedforthebudgetandwhattheactual

budgetthatgotspent,thusbeingabletoseehowfarover/under

budgetthecountyis.Acorporatereportismoregearedtowards

theirshareholders/investors,aswellasattractingpotentialinvestors

tothecompany,whereasoneforalocalgovernmentisshowingthe

breakdownofthespendingofthatgovernmentannuallyforit's

residentsandhigherlevelsofgovernment.

Reference:

https://www.co.fresno.ca.us/home/showpublisheddocument/

41546