Stepping back from the issue, the purpose of the MD&A is to discuss relevant financial highlights. For the most part, writers are completing the MD&A like robots. If the prior year report called out three changes, the writer will call out three changes this year. If the prior year report called out one change, the writer will call out one change also. Many writers of the MD&A seem to be checking in their minds when completing the MD&A. Authors of the MD&A should try to write a few custom sentences each year that reflect the most significant changes in the entity’s financial operations.