Sources of information outside the company's annual report should not be relied upon in a financial statement analysis.

Question

Quizplus · Accepted Answer

Sources of information outside the company's annual report, such as industry reports, news articles, and analyst reports, can provide valuable insights and context for a financial statement analysis. However, it is important to consider the credibility and reliability of these sources before incorporating them into the analysis. Additionally, any information obtained from external sources should be clearly cited and disclosed in the analysis.

Sources of Information Outside the Company's Annual Report Should Not