The concept of adequate disclosure continues to be one of the most important issues facing accountants, and

Question:

The concept of adequate disclosure continues to be one of the most important issues facing accountants, and disclosure may take various forms.

Required:
a. Discuss the various forms of disclosure available in published financial statements.
b. Discuss the disclosure issues addressed by each of the following sources:
i. The AICPA Code of Professional Ethics
ii. The Securities Act of 1933
iii. The Securities Exchange Act of 1934
iv. The Foreign Corrupt Practices Act of 1977
v. Section 404 of the Sarbanes– Oxley Act of 2002