All of the following are true of financial statement analysis report,except:
A)Contains ambiguities and qualifications.
B)Forces preparers to organize their reasoning and to verify the logic of analysis.
C)Serves as a method of communication to users.
D)Helps users and preparers to refine conclusions based on evidence from key building blocks.
E)Enables readers to see the process and rationale of analysis.

Question

Quizplus · Accepted Answer

This statement is not entirely true as financial statement analysis reports should aim to reduce ambiguities and qualifications by providing clear and concise information. While there may be some grey areas in financial analysis due to limited information or uncertainty, the report should strive to minimize these as much as possible.

All of the Following Are True of Financial Statement Analysis