How frequently is the set of financial reports made available for external publication by an entity typically produced?
A)Fortnightly
B)Yearly
C)Weekly
D)Daily

Question

Quizplus · Accepted Answer

The set of financial reports made available for external publication by an entity is typically produced on a yearly basis. This is known as the annual financial statements or annual report, which contains information about the entity's financial performance for the year. Although some companies may produce interim financial reports on a quarterly or half-yearly basis, the annual financial statements are the most comprehensive and audited set of reports. Therefore, option A, C, and D are not the best choices.

How Frequently Is the Set of Financial Reports Made Available