What type of report is likely to be ‘easy-to-read’ and provide basic financial information?

A popular report is designed to present financial information in a clear and accessible manner, making it easy for a broad audience to understand. These reports typically distill complex financial data into key takeaways, often using visuals, bullet points, and straightforward language to convey essential information about the organization's financial status and performance.

This type of report is particularly useful for stakeholders who may not have a financial background, such as community members, civic leaders, or the general public. By focusing on the highlights of financial performance and providing context without overwhelming detail, popular reports effectively engage readers and facilitate informed discussions regarding financial accountability and transparency.

In contrast, other report types serve different purposes or audiences. Performance audits focus specifically on assessing efficiency and effectiveness, detailed financial reports provide comprehensive data best suited for internal stakeholders or financial professionals, and management reports are tailored for decision-making within the organization, often containing in-depth analysis that may not be easily digestible by the general public.