Special-purpose financial statement

A special-purpose financial statement is a financial report that is intended for presentation to a limited group of users. A special-purpose statement may accompany a complete set of financial statements that is intended for general use, or it may be presented separately. This type of statement is usually required by a government entity, and is intended to present a specific set of information in a predetermined format. The information required and the reporting format used is laid out in a reporting framework. For example, reporting frameworks may be applied to the generation of special-purpose financial statements for tax reporting, bank reporting, and industry-specific reporting. The specialized reporting frameworks on which special-purpose financial statements are based are typically promulgated by the entities that plan to use the resulting financial statements.