Why Profit and Loss (P&L ... and file them with the SEC annually and quarterly. Companies not required to prepare financial statements such as the P&L should consider doing so because they ...

Financial statements ... not limited to income received in cash; it also includes property or services received. For companies, gross income is interchangeable with gross margin or gross profit.

Because financial statement preparation is not an attest service, ARSC determined that excluding such engagements would not adversely affect the public interest. CS Section 100 states that the general ...