Avan Corporation just published its financial statements. The president of Avan told the accountants not to include

Question:

Avan just published its financial statements. The president of Avan told the accountants not to include in the annual report any information about a pending lawsuit. The president thought it would only worry the stockholders. Do you think the president is correct in not including any information about the pending lawsuit in the annual report? You make the call. Write down your recommendations to the president.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...