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

Question

Quizplus · Accepted Answer

A financial statement analysis report should aim to be clear and precise, minimizing ambiguities and qualifications to effectively communicate the analysis to its users.

All of the Following Are True of a Financial Statement