Annual Report
An annual report is the audited annual disclosure of operational and financial performance of a public corporation to its shareholders as legally required by the applicable securities authority. The authority in the United States is the Securities and Exchange Commission (SEC).
The report contains the income statement, balance sheet, cash flow statement, changes in capital accounts, and management’s review of financial performance.
The report also includes an accountant’s opinion by a qualified auditor. The accounting firm audits the company’s books and issues its findings in an auditor’s letter.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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