Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) A comprehensive annual financial report CAFR is the government's official annual report prepared and published as a matter of public record.
B) A CAFR is not required for entities with only a general fund.
C) The CAFR contains introductory material, an auditor's report, certain RSI, schedules necessary to demonstrate legal compliance, and statistical tables.
D) Governments have two levels of financial statement reporting. The first is the fund-basis financial statements and the second is the government-wide statements.