Crispy_Beef wrote:
There are a few other things, but the point is in the UK this is necessary, and I'm gussing that there would by a similar system in the US (don't quote me on that though).
Here any person can go to Companies House and request to see filed accounts, I think there is a nominal charge for the servies but anybody can do it. This is so people can see the history of a company before they do something with it. i.e. invest.
You are quiet correct, the US and UK (along with NZ and Australia) all tend to have fairly similar accounting and regulatory systems.
But one thing I did find interesting is that you state your accounts are viewable by the public? I didn't know that this is the case with a private company (ie not listed on an exchange). Oh well, I have forgotten the majority of accounting knowledge imparted upon me during my undergrad years :-P.
Maybe ASIC (Australian Securites and Exchange Commission, similar to your Companies House) allows this...
Time to open the Coporations Law book...
