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Comprehensive Annual Financial Report 's Purpose

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What is the purpose of the Comprehensive Annual Financial Report (CAFR)? Why is financial reporting important?

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What is the purpose of the Comprehensive Annual Financial Report (CAFR)? Why is financial reporting important?

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The main purpose of the CAFR is to provide stakeholders about the financial condition of the State. It is a comprehensive reporting of the state's activities, revenues and expenditures and balances for the financial year. CAFR provides a comprehensive overview of the state's financial position as well as economic and statistical data. This helps stakeholders, ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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