Final answer:
A corporate annual report typically includes company budgets, notes to the financial statements, selected financial data from competitor companies, and management's statement about auditors' responsibility.
Step-by-step explanation:
The items that can be found in a corporate annual report include:
- Company budgets: This provides information about the financial plans and goals of the company for the upcoming year.
- Notes to the financial statements: These provide additional explanations and details about the financial information presented in the report.
- Selected financial data from competitor companies: This allows for comparison and benchmarking against similar companies in the industry.
- Management's statement that the auditors are responsible for the financial statements: This confirms that the financial statements have been audited by a third-party and provides assurance to the readers of the report.