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<blockquote data-quote="Rruuff Day" data-source="post: 120343" data-attributes="member: 2217"><p>I'm not an expert in this but I think publicly traded companies must produce quarterly financial statements.These are often reviewed by an auditor but not mandatory. Non traded companies might also produce these statements, especially if they are a low growth company.... Just to make sure by the end of the year they don't get a surprise that they aren't as liquid as they thought..... .... or that an employee hasn't extorted millions without them knowing.... lol.... This actually happened to a company that a friend worked for.... A high ranking employee stole 4 million over 3 years. They audit review financial statements quarterly like clockwork now.... To keep this post on topic, I will note that when the employee got caught, it was not a happy day..... and he didn't laugh.....<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite9" alt=":eek:" title="Eek! :eek:" loading="lazy" data-shortname=":eek:" /></p></blockquote><p></p>
[QUOTE="Rruuff Day, post: 120343, member: 2217"] I'm not an expert in this but I think publicly traded companies must produce quarterly financial statements.These are often reviewed by an auditor but not mandatory. Non traded companies might also produce these statements, especially if they are a low growth company.... Just to make sure by the end of the year they don't get a surprise that they aren't as liquid as they thought..... .... or that an employee hasn't extorted millions without them knowing.... lol.... This actually happened to a company that a friend worked for.... A high ranking employee stole 4 million over 3 years. They audit review financial statements quarterly like clockwork now.... To keep this post on topic, I will note that when the employee got caught, it was not a happy day..... and he didn't laugh.....:eek: [/QUOTE]
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