- CFA Exams
- 2025 Level II
- Topic 3. Financial Statement Analysis
- Learning Module 14. Evaluating Quality of Financial Reports
- Subject 7. Sources of Information about Risk
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Subject 7. Sources of Information about Risk PDF Download
A company's financial statements can provide useful indicators of financial or operating risk.
The management commentary (MD&A) can give users information that is helpful in assessing the company's risk exposures and approaches to managing risk.
Required disclosures regarding, for example, changes in senior management or inability to make a timely filing of required financial reposts can be a warning sign of problems with financial reporting quality.
The financial press can be a useful source of information about risk when, for example, a financial reporter uncovers financial reporting issues that had not previously been recognized. An analyst should undertake additional investigation of any issue identified.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
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