Reporting procedures are the same for private and public corporations.

Question

Quizplus · Accepted Answer

Reporting procedures may differ between private and public corporations due to different regulations and requirements imposed by the government and securities exchange commission. Public corporations have greater reporting requirements as they have a larger number of stakeholders and shareholders to report to. Private corporations, on the other hand, have fewer requirements to report to the public as they have a smaller number of stakeholders and may not be subject to the same regulations as public corporations.

Reporting Procedures Are the Same for Private and Public Corporations