In: Accounting
Companies disclose various risks in their 10-K filings. Regulators encourage companies to make these types of disclosures so that investors can estimate the uncertainties inherent in the organization. (1) Select a company in the pharmaceutical industry. (2) Obtain its recent 10-K filings, and (3) Identify the risks the company included in its filing. Auditors need to be aware of these fisks, as they could have misstatement implications for multiple financial statement accounts.
The government requires companies to publish 10-K forms so investors have fundamental information about companies so they can make informed investment decisions. This form gives a clearer picture of everything a company does and what kinds of risks it faces.
The 10-K includes five distinct sections:
1-select a company in the pharmaseutical company.
Ans..Teva Pharmaceutical Industries Ltd
2. Obtain its recent 10-k fillings.
In addition to historical information, this Annual Report on Form 10-K, and the reports and documents incorporated by reference in this Annual Report on Form 10-K, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements.
3. Identify the risks the company included in its fillings.
Important factors that could cause or contribute to such differences include risks relating to:
• our ability to successfully compete in the marketplace, including: that we are substantially dependent on our generic products; consolidation of our customer base and commercial alliances among our customers; the increase in the number of competitors targeting generic opportunities and seeking U.S. market exclusivity for generic versions of significant products; competition for our specialty products, especially COPAXONE®, our leading medicine, which faces competition from existing and potential additional generic versions, competing glatiramer acetate products and orally-administered alternatives; the uncertainty of commercial success of AJOVY® or AUSTEDO®; competition from companies with greater resources and capabilities; delays in launches of new products and our ability to achieve expected results from investments in our product pipeline; ability to develop and commercialize biopharmaceutical products; efforts of pharmaceutical companies to limit the use of generics, including through legislation and regulations and the effectiveness of our patents and other measures to protect our intellectual property rights.