Financial statement analysis

Can anyone please discuss/explain why it is just as important to analyze financial statements as it is to prepare them. Thank you to everyone here at ehelp and god bless.
If I could get at least an partial answer to my question that would be helpful, thanks.

Preparing the statements is intended to provide transparency to investors and lending institutions. It is important to maintain credit standing and support the value of ownership.

Analysis is important for those owners and lending institutions to evaluate their risk in owning and lending to them.