A special report is a customized financial reporting document that deviates from the standard format required by Generally Accepted Accounting Principles (GAAP). Special reports are often created to meet unique information needs while maintaining professional standards and clarity. For example, a nonprofit organization may prepare a special report for a large donor that provides detailed cost allocations and outcome measurements beyond what is normally included in a financial statement. Special reports can also be used to comply with different reporting provisions of a regulatory agency.
In journalism, a special report is an in-depth piece that investigates a specific subject matter. Specialized reporting can help increase journalist credibility and provide valuable insight into complex subjects for their audience. In particular, special reports are commonly written about controversial topics, such as alleged wrongdoing or corruption.
The Fox News program Special report is well-known for covering breaking political stories out of Washington, DC. The show was originally anchored by Brit Hume until his retirement in 2008 and is currently hosted by Bret Baier. The program is known for its in-depth coverage of breaking political news and incisive discussion about Washington’s impact on Americans and the rest of the world.
In research, a special report summarizes the results of an analytical or qualitative study to a scholarly audience. Special reports typically feature illustrations or other visual representations to help convey the findings of the study. They also typically include a section that highlights existing research knowledge in the field of study and pinpoints gaps that their systematic investigation will seek to fill.