Question: Please consider the following opinion article: Litigation & Financial Reporting 1. Do you agree with the author? Why or why not? 2. Should the threat

Please consider the following opinion article:Litigation & Financial Reporting

1. Do you agree with the author? Why or why not?

2. Should the threat of Litigation impact how financial statements are prepared?

3. Considering the purpose of financial statements, If all companies acted in this manner what would be the implications of such a situation?

4. Does a governing body (such as the SEC) need to consider regulating disclosures, ease of readability and/or financial statement litigation? Share your thoughts.

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