Post by
MaterialsMan on Dec 30, 2023 8:57am
Quarterlies
It appears that the only financial statements that are submitted by Vinfast remain unaudited. I guess there is no reason for concern as the stock price seems to be holding up quite well.
More companies should consider this tactic, as it seems to work out with no reprecussions.
Maybe financial reports of public companies are not required to be audited. I don't know the answer.
But I think they are supposed to be.
I suspect that a policy that allows for no audit would allow for cooking the books however.