That sounds quite illegal to me.
The president of a company told the accountants not to include in the annual report any information about a pending lawsuit.
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shareholders
The report is always directed the shareholders ,partners ,managers ,directors or members of board.
Internal report is a finance report that produced for internal member within the company such as director, shareholders, manager, etc.
You can find information on shareholders' equity in a company's financial statements, such as the balance sheet or annual report. Shareholders' equity represents the amount of a company's assets that belong to its shareholders after all debts and liabilities are subtracted.
These Accountants report transactions. As well as subscriptions,redemptions ?æas well as transfers that are associated with money movement in the company.
shareholders creditors employees customers financial analysts
That would be Deloitte & Touche LLP. It's in the annual report.
they make all of the key decisions/report to shareholders they also run the company
CEOs typically report to the board of directors of the company. The board oversees the CEO's performance and ensures that the company's strategic direction aligns with the interests of shareholders. In some organizations, particularly in smaller firms, the CEO may also communicate directly with shareholders or other key stakeholders.
Shareholders are interested in the financial report because it provides them with information about the company's financial performance and health. It helps them evaluate the company's profitability, cash flow, and overall financial stability. This information is crucial for making informed investment decisions and assessing the value of their shares.