2006-10-04 17:48:38 · 4 answers · asked by crabie_gal 1 in Business & Finance ➔ Other - Business & Finance
Easy answer: No they cannot. It is against the law and the Securities Exchange Commission watches very closely. In certain cases, they can delay disclosure for very specified reasons.
Now - perhaps the question is which accounting records? The ones required by law are there for the public review in order to make wise investment decisions. Before I invest in a company, I need to know how much money they owe, have, are paying their executives, and similar such items. VectorVest has an excellent explanation of the various ways the numbers are compared to make an informed investing decision.
2006-10-04 18:05:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No choice. They have to make their accounts public. It is the law. The reason being - if company wants to take money from the public -i.e. sell shares to investors - it has to tell the public how the company is doing. This prevents abuse and protects the public by allowing the investor to take his money out if things go sour at the company. If the accounts are not public -- the getting out cannot happen.
2006-10-05 01:01:16 · answer #2 · answered by aqualibrious 1 · 0⤊ 0⤋
If they choose not to disclose within 6 months of the deadline they can be be delisted. The only time they would do that if something was terrribly bad, such as they were near bankruptcy.
2006-10-05 00:57:16 · answer #3 · answered by sdh0407 5 · 0⤊ 0⤋
No, a public companies financial statements must be made public.
2006-10-05 00:50:37 · answer #4 · answered by michinoku2001 7 · 0⤊ 0⤋