Which of the following statements about annual reports is not correct? Multiple Choice Before an annual report is issued, the financial statements must be audited by a firm of certified public accountants (CPAs). Publicly owned companies must file their audited financial statements and detailed supporting schedules with the Securities and Exchange Commission. The unadjusted trial balance is used to prepare the financial statements included in a company's annual report. Once the fiscal year has ended, it often takes several months before the annual report is available for distribution