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   Management's Discussion and Analysis (MD...
   















 

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Management's Discussion and Analysis (MD&A)

An unaudited textual section of a corporate annual report that, among other information, will usually include a discussion of the risks the corporation faces and steps taken to control risk. The MD&A also describes the firm's recent performance, management policies, and an analysis of important year-to-year changes.

Management Discussion & Analysis - For a regulatory perspective on disclosure, see Key Risk Concepts: Accounting & Disclosure."

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