Final answer:
The statement is false; besides an Audited Annual Statement, companies are often required to file additional annual reports such as tax returns and reports to shareholders and the SEC to ensure transparency and regulatory compliance.
Step-by-step explanation:
The statement is false. While an Audited Annual Statement is a comprehensive report on a company's activities throughout the preceding year and is essential for providing stakeholders with detailed information about the company's financial health, it is not the only annual statement typically required. Companies may also need to file other annual reports, such as tax returns, annual reports to regulatory agencies, and, in the case of public companies, annual reports to shareholders and the Securities and Exchange Commission (SEC).
These reports often contain detailed financial and operational information and provide a comprehensive view of the company's performance and strategy looking forward. This helps ensure transparency, compliance with regulations, and informs investors and the public about the company’s status.