cheshan, with the help of these bonds, large companies can finance their subsidiaries that do not haveugh transparency. 45,000 companies, that is, less than 13% are audited, and this actually shows the weakness of the transparency of the country's financial system. the lack of transparency in the financial statements of some companies deprives them of many benefits. it should be a small company with 10 billion tomans of capital and against it have the capital , their financial statements should be checked independently, it is possible that they do not have all the conditions of the capital market, in order to finance these companies, in 2018, the stock exchange organization issued a regulation to the listed companies , but this regulation has not been implemented yet. based on the instructions received by the organization's board of directors , companies can apply. publish these bonds and specify the uses of the bonds, on what basis and where they will be spent. this is the fact that financing through power of attorney gives this permission to the parent company rather than to the comp