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Note to readers regarding Understanding Subpoenas: There have been two recent amendments to the New York Civil Practice Law and Rules regarding subpoenas. The first page of the article states that
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The note to readers is a statement issued by a company's management to provide additional information or explanations about the financial statements.
Typically, all publicly traded companies are required to include notes to readers with their financial statements.
Notes to readers can be filled out by providing relevant information, explanations, or disclosures related to items on the financial statements.
The purpose of the note to readers is to provide clarity, transparency, and context to the financial statements so that readers can have a better understanding of the company's financial position.
Information that must be reported in the note to readers include details about accounting policies, significant transactions, risks, uncertainties, and other relevant information not captured in the financial statements.
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