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Also is the law really capable of protecting the public from companies that hide financial illness behind polished annual reports?

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Solution Summary

This solution discusses the issue of accountability and transparency for public companies

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Business Law

Why do publicly traded companies have to be so open about their financial health? Also is the law really capable of protecting the public from companies that hide financial illness behind polished annual reports? Thanks

Publicly traded companies have to be open about their financial health so that stock holder and potential investors can make informed decisions about purchasing the stocks of these companies. The investors and shareholders normally make decisions based on ...

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