Volume 4, No. 9

 

The Looming Debate Over Disclosure Effectiveness:  Corporate managements have long groused that financial statement disclosures have become too detailed and tedious. Those managements may find that their day is at hand, for there are several differing proposals calling for the re-examination or elimination of financial statement disclosures - and changes in the format of financial statements, as well. Investment professionals who rely on financial statements for their livelihood need to understand the various outstanding proposals and how they could affect financial reporting. Ignorance of the subject might lead to surprising changes in financial statements later.

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