What types of financial statements are publicly traded companies required to file annually with the government

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Breanna

Business

18 April, 04:18

What types of financial statements are publicly traded companies required to file annually with the government

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Prissy · Answer 1

Certified Financial Statements including: Two-year audited Balance Sheet, audited Statement of Income and Audited Statement of Cash Flows both for Three-years.

Explanation:

Generally, the report expected from a public traded company (listed on the stock exchange and sells shares to the public) is called a 10-k.

A 10-K represents an annually filed comprehensive report showing the financial performance of an organisation as specified by the Security and Exchange Commission (SEC). The report which is prepared by the Management of the company should contain the following sub sections:

Overview of the Business; Ownership etc. Risk Factors of the Business 5 years selected financial data Management Discussion and their analyses based on yearly operations Financial Statement and Supplementary dа ta: This must contain the Balance Sheet, The Statement of Income, Statement of Cashflow and then Supplmentary notes to the account. All audited and cetified true and fair by an independent external auditor