Most annual reports contain the following list of basic elements.For each element,identify the person(s)who prepared the element and describe the information a user would expect to find in each element.Some information is verifiable while other information is subjectively chosen by management.Indicate whether the information in each element is verifiable.
$$\begin{array} { | l | c | c | c | }
\hline \text { Elements } & \begin{array} { c }
\text { Prepared } \
\text { By }
\end{array} & \begin{array} { c }
\text { Information } \
\text { Pravided }
\end{array} & \begin{array} { c }
\text { Verifiablel } \
\text { Yes ar No? }
\end{array} \
\hline \begin{array} { l }
\text { Management's Discussion } \
\text { and Analysis }
\end{array} & & & \
\hline \text { Financial statements } & & & \
\hline \text { Notes to financial statements } & & & \
\hline \begin{array} { l }
\text { Repart of the Independent } \
\text { Auditor }
\end{array} & & & \
\hline
\end{array}$$

Question

Most annual reports contain the following list of basic elements.For each element,identify the person(s)who prepared the element and describe the information a user would expect to find in each element.Some information is verifiable while other information is subjectively chosen by management.Indicate whether the information in each element is verifiable.
 $$\begin{array} { | l | c | c | c | } 
\hline \text { Elements } & \begin{array} { c } 
\text { Prepared } \
\text { By }
\end{array} & \begin{array} { c } 
\text { Information } \
\text { Pravided }
\end{array} & \begin{array} { c } 
\text { Verifiablel } \
\text { Yes ar No? }
\end{array} \
\hline \begin{array} { l } 
\text { Management's Discussion } \
\text { and Analysis }
\end{array} & & & \
\hline \text { Financial statements } & & & \
\hline \text { Notes to financial statements } & & & \
\hline \begin{array} { l } 
\text { Repart of the Independent } \
\text { Auditor }
\end{array} & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Most annual reports contain the following list of basic elements.For each element,identify the person(s)who prepared the element and describe the information a user would expect to find in each element.Some information is verifiable while other information is subjectively chosen by management.Indicate whether the information in each element is verifiable.
 $$\begin{array} { | l | c | c | c | } 
\hline \text { Elements } & \begin{array} { c } 
\text { Prepared } \
\text { By }
\end{array} & \begin{array} { c } 
\text { Information } \
\text { Pravided }
\end{array} & \begin{array} { c } 
\text { Verifiablel } \
\text { Yes ar No? }
\end{array} \
\hline \begin{array} { l } 
\text { Management's Discussion } \
\text { and Analysis }
\end{array} & & & \
\hline \text { Financial statements } & & & \
\hline \text { Notes to financial statements } & & & \
\hline \begin{array} { l } 
\text { Repart of the Independent } \
\text { Auditor }
\end{array} & & & \
\hline
\end{array}$$

Most Annual Reports Contain the Following List of Basic Elements