According to the Financial Executives Research Foundation, enhancing the effectiveness of corporate disclosures is of...
70.2K
Verified Solution
Link Copied!
Question
Accounting
According to the Financial Executives Research Foundation, enhancing the effectiveness of corporate disclosures is of paramount importance to companies, investors, creditors, regulators and the capital markets at large. This has compelled many companies to take a fresh look at how effectively they tell their story.2 Some worry that increased disclosures through different channels can be confusing and lead to disclosure overload. What role should materiality play in determining what kinds of information should be disclosed and how frequently? What are the dangers from an audit perspective of having clients increasingly add to its disclosures, especially when estimates are involved? Did GE do the right thing when it warned of a $3 billion charge only to wind up taking a $6.2 billion charges?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
