# You are on your first audit of a local government and part of your job is...

###### Question:

You are on your first audit of a local government and part of your job is to evaluate financial ratios. The partner on the job told you that analysis of financial ratios alone is not sufficient for assessing the economic condition of the government entity. Identify at least five other factors that you think should be considered in assessing the entity’s economic condition and why they are important.

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