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Its production was evidently left to people whose primary interest was not creating an efficient piece of communication. It fails, again and again, the first test of a management document, which is that the content must not be obscured by the presentation.

Crosland, J. (2013) The perfect annual report. Investors Chronicle, August 30.

Required:

With reference to relevant academic literature and a range of companies, critically appraise the above statements. The answer should critically evaluate the comparability issues and other limitations of the annual reports.