Which item is NOT recommended to be part of the letter of transmittal?

A letter of transmittal serves as an introductory document that accompanies a report or financial statement. It is meant to provide context, facilitate understanding, and highlight important information.

The inclusion of a government profile, awards and acknowledgments, and information useful in assessing economic conditions aligns well with the purpose of the transmittal letter. The government profile gives relevant background information, while awards and acknowledgments can enhance credibility and stakeholder engagement. Information on economic conditions may provide important context to stakeholders regarding the fiscal environment in which the government operates.

However, summary financial data is typically detailed within the primary financial documents themselves rather than in the letter of transmittal. Including financial summaries in the transmittal can lead to redundancy and dilute the focus of the letter, which is to provide supplementary context rather than detailed financial overview. Therefore, it is not recommended as part of the letter of transmittal.