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>Posting detailed reports of errors discovered during an internal audit when under no obligation to do so You dont think a public company is obligated to audit
by forgetsusername 10y ago
>Posting detailed reports of errors discovered during an internal audit when under no obligation to do so
You dont think a public company is obligated to audit internal controls and keep shareholders and regulators in the loop?
- elgenie 10y agoA public company is obligated to report quarterly, in a prescribed format, a bunch of high-level information material to the business by Regulation S-K and Regulation S-X. A public company is not obligated to rush out details like "We’ve determined that the average time spent per article had been over-reported by 7-8% on average since August of last year. This was caused by a calculation error: we were calculating the average across a histogram of time spent, instead of reflecting the total time spent reading an article divided by its total views."