What requirements does the CSRC impose on publicly traded companies regarding financial statements?

The requirement that publicly traded companies provide accurate, timely, and complete financial disclosures to the public is fundamental to maintaining transparency and accountability in the financial markets. This obligation ensures that investors and stakeholders have access to reliable information necessary for making informed decisions regarding their investments. Financial disclosures typically include balance sheets, income statements, cash flow statements, and notes that explain the financial condition and performance of the company.

This approach to financial reporting is crucial for protecting investors and maintaining the integrity of the financial markets. It allows for proper assessment of a company's performance, helps in identifying any potential risks, and promotes trust among investors. Regulatory bodies, like the China Securities Regulatory Commission (CSRC), enforce these standards to enhance the overall quality of financial reporting.

The other choices do not align with the established requirements for financial disclosures. For example, providing historical data only would fail to give a complete view of a company's current financial status. Allowing companies to choose what information to disclose could lead to selective reporting and create an uneven playing field for investors. The requirement for external audits, while important for ensuring accuracy, is not the primary focus of financial disclosures, as the emphasis lies in the completeness and timeliness of the information provided.