Answer: quarterly report.

## Explanation **Correct Answer: B (quarterly report)** **Key Points:** 1. **Unaudited Financial Statements:** - Quarterly reports (10-Q filings in the US) typically contain unaudited financial statements. - These are interim financial statements that have not been examined by independent auditors. - They are subject to limited review procedures but not a full audit. 2. **Annual Reports:** - Annual reports (10-K filings in the US) contain audited financial statements. - These statements have been examined by independent auditors who provide an opinion on their fairness and compliance with accounting standards. 3. **Proxy Statements:** - Proxy statements (DEF 14A filings) contain information about matters to be voted on at shareholder meetings. - They may include some financial information but are not primarily financial statements. **Why Other Options Are Incorrect:** - **A (annual report):** Annual reports contain audited financial statements, not unaudited ones. - **C (proxy statement):** While proxy statements may contain some financial information, they are not the primary vehicle for presenting financial statements, and the financial information they contain is typically not comprehensive financial statements. **CFA Curriculum Reference:** - Financial Statement Analysis: Understanding the differences between audited and unaudited financial statements and where they are typically presented. - Regulatory filings: Understanding the requirements for different types of financial reports (annual vs. quarterly).

Author: LeetQuiz .