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⍰ ASK What are the key financial reporting requirements for Public Limited Companies?

Public Limited Companies must prepare detailed financial statements, including the balance sheet, income statement, and cash flow statement.

External auditors review these statements to ensure accuracy and compliance with accounting standard usually following International Financial Reporting Standards.

PLCs also provide shareholders with reports, including a director report on performance, strategy, and future outlook.

They disclose executive compensation for transparent corporate governance.
 

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