Series 24: 2.8.5.3. Financial Reports

Taken from our Series 24 Online Guide

2.8.5.3. Financial Reports

All firms (except for fully disclosed firms that never carry customer accounts) must file a yearly financial report that has been audited by an independent public accountant. The financial report must include a Statement of Financial Condition, a Statement of Income, and supporting schedules, such as a computation of the firm’s net capital. The financial statements must be made in accord with generally accepted accounting principles and sup

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