In any case, financial reports can help companies pinpoint potential losses. By analyzing the balance sheet, cash flow statement and other related data, you can grasp the current asset risk. And combine the content of this data with financial reports and other information to understand the future course of the company that will be at risk. Identifying risks using financial statements requires an in-depth study of different topics in financial statements to complete statement analysis. This will help analyze potential risks and conduct investigations to refine financial information. Project financial statements are similar to corporate financial statements, so it is necessary to identify project risks.