What is covered in the three paragraphs of the typical audit opinion letter?

What is covered in the three paragraphs of the typical audit opinion letter? Why?
What is government financial condition? What is the major source for information about financial condition?
What are the major classes of ratio analysis? What can we learn from each class?
What types of comparisons should be made with ratios? What are the advantages and disadvatages of each?
Do traditional solvency ratios adequately address financial condition analysis concerns?
What are debt burden measures and how are they used? Provide two examples and explain.
How do government and non-profit organizations fund their operations? Explain and provide examples.

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