Firms issue financial statements to provide transparency around their income, assets, liabilities, and financial position. Similarly, individuals applying for loans are asked to produce documentation of their financial situation. This discussion examines the similarities between corporate financial reporting and individual loan applications using a case study of two individuals, Jucheng and Dave, applying for home loans. Jucheng recently started a new stable job and has historically irregular income, while Dave has a long history of stable employment. From the perspective of the loan officer, Jucheng's application is riskier than Dave's due to his difficulty documenting assets, income, and ability to repay the loan. The loan officer must balance empathy for Jucheng with their duty to protect the