Public companies are required to publish financial statements, but privately held companies are generally not required to do so.

Question

Quizplus · Accepted Answer

This is true. Public companies are required by law to publish financial statements for transparency and accountability purposes, as they have many shareholders who have invested in the company. Private companies do not have this same level of scrutiny and are not required to disclose their financial information publicly.

Public Companies Are Required to Publish Financial Statements, but Privately