The frequency of preparing and reporting financial statements to users depends on following factors:
- Territory in which business ins registered
- Legal status of the Company
- Any specific sector reporting requirement
Generally, every company has to prepare and submit financial statements atleast once a year for shareholders, regulators and tax authorities. However, Companies listed on the stock exchange are required under relevant Stock market regulations to prepare and publish quarterly financial statements in addition to the annual filing requirements.
Moreover, in order to keep an eye on the operational performance of the business, most medium to large-sized companies prepare financial reporting on a monthly basis for internal reporting although those are not generally required to be published to issued to the shareholders and/ or regulators.