👉 Foretrace is a legal concept that refers to the process of reviewing and analyzing a company's financial statements before they are formally presented for public scrutiny. This review involves examining the company's financial performance, including its revenue, expenses, and cash flow, in order to assess whether these figures meet certain criteria or standards set forth by regulatory bodies. Foretracing is typically used in financial reporting to ensure that all relevant information is presented accurately and transparently. It can also be used to identify areas for improvement
