A reporting entity is a legal entity or organization that prepares financial reports to provide information about its financial performance and position. A reporting entity can be a company, partnership, trust, or government agency, among other types of entities.

The reporting entity is responsible for preparing financial reports in accordance with accounting standards such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). The financial reports typically include financial statements such as the balance sheet, income statement, and cash flow statement, as well as accompanying notes and management commentary.

The reporting entity is responsible for ensuring that the financial reports provide a true and fair view of its financial performance and position. This requires the entity to maintain accurate and reliable records of its financial transactions, and to make appropriate estimates and judgments in preparing the financial reports.

The reporting entity is accountable to a range of stakeholders, including investors, lenders, employees, customers, suppliers, regulatory bodies, and the general public. The financial reports provide these stakeholders with information about the entity's financial health and help them make informed decisions about their interactions with the entity.

Overall, the reporting entity is an important concept in financial reporting, as it is responsible for preparing financial reports that provide information about its financial performance and position to stakeholders.