State and explain the reasons for publishing the financial results of public limited company.?
To allow the stakeholders of the organisation to see the results and to make the results the matter of public record.
The stakeholders include investors, shareholders, creditors and customers. These people are entitled to know the results even if they are only decipherable by a few of them. In the case of HIH for example the auditors issued a qualified report and no action was taken; the stakeholders were given the information but did nothing with it and lost out. The reason for making it public is for potential stakeholders.
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