Summarize what the SEC is proposing - what type of information does the SEC want registrants to
Question:
Summarize what the SEC is proposing - what type of information does the SEC want registrants to disclose in their annual reports? While this is a "summary" - you should identify and explain the proposed disclosures.
2) Summarize the reasoning the SEC presents for why these additional disclosures are necessary.
3) State and explain your opinion on the necessity of these disclosures - think/reflect on this topic from the perspective of the investor AND from the perspective of the company. Think about the other types of footnote disclosure requirements you've learned about in previous accounting classes. Do you think these disclosures are necessary - why or why not?
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso