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If you were trying to assess the financial health of a government administered pension plan, which financial statements or schedules would you review and why?

1. If you were trying to assess the financial health of a government administered pension plan, which financial statements or schedules would you review and why?2. A city manager was overheard saying, “Since we don’t release them to the public, I don’t see any value in taking the time to prepare interim reports.” Explain why you agree or disagree with this statement.