Discuss the importance of quality in a firm's financial statements and how you would go about evaluating

Question:

Discuss the importance of quality in a firm's and how you would go about evaluating the quality of a firm's financial statement. What do you consider to be the four main pro forma to financial forecasting, and why?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...