Financial reports provide information that can reduce investors' uncertainty about the company's opportunities and risks, thereby raising the company's cost of capital. True / False.

Answer: False

Financial reports are commonly referred to as a formal statement of the financial affairs and situation of an organization, individual, or other entities. Pertinent financial information is usually conferred in an orderly manner and also in a form which can be easily comprehended. These usually constitutes four financial statements followed up by an administration deliberation and analysis.