Quoted Companies: Definition, Features, And Examples - SS2 Accounting Past Questions and Answers - page 1

A quoted company is a business that has issued shares of stock to the public and is traded on a stock exchange. It is required to follow strict reporting and disclosure requirements and is subject to regulation by the Nigerian Stock Exchange and the Securities and Exchange Commission. In contrast, a private company is owned by a small group of shareholders and is not publicly traded on a stock exchange.

Quoted companies are required to publish financial statements and other relevant information to the public to provide transparency for investors. This allows investors to make informed decisions about whether to buy or sell shares in the company and helps to maintain the integrity of the stock market.