Final answer:
Terry Wade, as the controller of Larkspur Inc., is specifically in charge of financial statements, part of the company's accounting and financial reporting operations.
Step-by-step explanation:
The new controller of Larkspur Inc., Terry Wade, is responsible for financial statements. Controllers typically oversee the accounting operations of a company, which includes the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk. The controller's role also extends to ensuring that the reported results comply with generally accepted accounting principles or international financial reporting standards.