As part of an integrated disclosure system required by the SEC, the information presented in annual reports includes three-year audited balance sheets.

Question

Quizplus · Accepted Answer

The SEC requires annual reports to include audited financial statements for the most recent fiscal year, not three-year audited balance sheets. These financial statements typically include a balance sheet, income statement, statement of cash flows, and statement of shareholders' equity, along with notes to the financial statements.

As Part of an Integrated Disclosure System Required by the SEC