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    Reporting requirements-Private company Vs Public company

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    Why are private companies not held to the same level of responsibility for reporting as public companies? Do you think they should be held to the same level of accountability?

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    https://brainmass.com/business/accounting/reporting-requirements-private-versus-public-companies-418325

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    Problem

    Reporting requirements
    Why are private companies not held to the same level of responsibility of following requirements as public companies? Do you think they should be held to the same level of accountability?

    Answer

    The main reason of high level of reporting requirements in ...

    Solution Summary

    This solution explains why private companies are not held to the same level of responsibility for reporting than public companies, and provides an opinion regarding whether they should be held to the same level of accountability.

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