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One potential solution to this is 'open accounting' - ie. The companies books are live streamed 24x7. They would only be certified correct at quarter ends, but
by londons_explore 2y ago
One potential solution to this is 'open accounting' - ie. The companies books are live streamed 24x7.
They would only be certified correct at quarter ends, but the rest of the time shareholders can see up-to-the-second preliminary accounts, so there will be no surprises at the end of the quarter.
- vibrio 2y agoWould up to the second acting be more smooth? There are still very ‘chunky events’ that have large impact on valuation that occur, and the accuracy of the accounting of those events could result in large false swings in perceived valuation, no?