Financial reports are important in terms of reputation, compliance, and an overview of the overall health of the business. However, more important than the reports themselves is the accuracy of the reports. The importance of reliable and accurate reports cannot be underestimated.
Providing accurate information is possibly the most important aspect of maintaining a good reputation, especially when it comes to transparency.
Researchers/Investors , market analysts, and creditors uses financial statements to assess evaluate a company’s financial health and earnings potential.
Any advice provided by Laverne is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.