The Canadian Annual Report Extractor Project (CARE)
Annual reports are an important means of communication for publicly traded companies. They provide information about the firm’s activities and operations over the past year and forecasts about the future. Although digital versions are easy to obtain, there is a lack of technology available to prepare these reports for analysis. We propose to develop a tool, called the Canadian Annual Report Extractor (CARE) that will allow for efficient and accurate extraction by section of the reports to improve our processing, understanding, and interpretation of the information within them. The CARE will be widely accessible and easy to use, providing value to the investment community, accounting profession, academics, and others for the purpose of financial statement presentation, analysis, and assurance.