Why do some countries require parent companies to publish parent company-only financial statements in addition to consolidated financial statements? When countries require that private companies file financial statements with a government authority, what accounting principles are required to be used? What impact would either of these requirements have on a company?

Answer rating: 100% (QA)

Some countries require parent companies to publish parent companyonly financial statements in addition to consolidated financial statements for several reasons 1 Transparency and Accountability Parent ... View the full answer