Correction Concepts
Mastering Financial Statements: Essential Reading Guide
Get to know how to interpret financial statements, including income statements, balance sheets, cash flow statements, and key ratios.
Factually incorrect
What was corrected
What the page claimed
The article stated that both 10-Q quarterly and 10-K annual SEC filings include audited financial statements.
What was corrected
Corrected the claim to note only the annual 10-K includes fully audited financials, while the 10-Q is reviewed but not audited.
Why this is better
This is a standard, well-documented distinction in SEC reporting requirements. Correction fixes the factual error rather than adding new sources.
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