What is the time frame for the financial examination to be prepared?

The correct answer is based on the requirement that financial examinations in the funeral industry need to provide a comprehensive snapshot of the business's fiscal health over a significant period. In Oklahoma, the financial examination is expected to cover the preceding year. This timeframe is crucial because it allows for an accurate assessment of the funeral service provider's financial activities, trends, and compliance with state regulations. Preparing an examination for just the preceding month would not offer a full view of the annual operations, while a period extending beyond one year could complicate the financial overview unnecessarily. Thus, the annual scope of examination strikes a balance between detail and manageability, ensuring that stakeholders have the necessary information to evaluate the provider's financial standing effectively.