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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Mar 14, 1968
Page
11
Hartford report advises investors to study annual statements for key elements. It highlights income statements, balance sheets, auditor reports, footnotes, and prior-year data, with focus on changes in revenue, profit margins, and earnings versus nonrecurring items.
The text explains that external audits by independent CPAs verify fair presentation under GAAP and spotlight significant accounting changes such as depreciation and R and D costs. It notes auditors review systems, internal controls, bank balances, inventories, and key personnel, while not checking every transaction. A clean audit opinion signals investor confidence in the income statement.
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