Is it true that the financial statements and the authors report must be made available to stockholders of pubically owned corporations?

Yes, it is true that financial statements and the authors' reports must be made available to stockholders of publicly owned corporations. Public companies are required by law, specifically the Securities Exchange Act of 1934, to disclose their financial statements through regular filings with the Securities and Exchange Commission (SEC). These documents, which include annual reports (Form 10-K) and quarterly reports (Form 10-Q), must be accessible to shareholders and the public. This transparency helps ensure that investors have the necessary information to make informed decisions.