Final answer:
The background of a company is typically included in the introduction section of a financial statement analysis report, where it provides essential context for the analysis.
Step-by-step explanation:
The background on a company, its industry, and its economic setting is typically included in the introduction section of a financial statement analysis report. This section provides essential background information and sets the context for the analysis that will follow. The introduction may contain facts, such as the company's founding date and main business activities, as well as the industry's characteristics and the broader economic environment in which the company operates.
Evidence supporting the analysis is usually found in the body of the report, whereas the executive summary offers a high-level overview of the entire report without going into the depth that the introduction or body sections do. It is in the introduction that readers are oriented with the necessary background to understand the subsequent analysis and findings.