I�m all for transparency but there are some consequences. Do you actually want someone with a gripe to go through the books with a magnifying glass and complain about every penny that they don�t agree with?
At work we call it the Perry Mason Rule (and no, I�m not old enough to remember it), if we don�t have to share or disclose something- we don�t. Trust me- there are many times that my life would be easier if I could just share my entire financial model with the auditors but the higher ups won�t let. They don�t want those auditors, who are looking for problems, to have access to the full model. I need to cut out exactly what they�re looking for and give it to them.
When my son�s school applied for a loan to renovate / expand their building the bank hired an auditor to go through their books and he spilled the beans to me. (Okay- some auditors are cool.) Trust me- there�s nothing explosive in there but someone looking for some excitement could get lots of parents all riled up.