The financial statements and the auditor's report must be made available to stockholders of publicly owned corporations.

Question

Quizplus · Accepted Answer

This is a requirement set by law, namely the Securities Exchange Act of 1934. Publicly owned corporations must file annual reports with the Securities and Exchange Commission (SEC) which include financial statements audited by a certified public accountant. These reports are made available to the public and shareholders through the SEC's EDGAR system.

The Financial Statements and the Auditor's Report Must Be Made