Commercial Lending Review
The amount of information required in a corporate annual report continues to increase. Most recently, additional reporting requirements brought about by the Sarbanes-Oxley Act of 2002 (SOA), the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC) increase the number of component reports that must be included in the annual report package. Lenders need to be familiar with the additional information that these new components provide. Therefore, this article summarizes the required component reports, discusses the information conveyed in each report and gives some examples of the types of significant new information that can be obtained.
Copyright © 2006, CCH Inc. and its affiliates. All rights reserved. Reprinted with permission from Commercial Lending Review.
Archambeault, Deborah S.; Fulmer, John G. Jr.; and Turpin, Richard A., "How to Use the Changing Components of the Corporate Annual Report" (2006). Accounting Faculty Publications. 47.
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