Question: 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

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?

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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 full answer

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