The SEC is trying to get companies to notify the investment community more quickly when a material
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Question:
The SEC is trying to get companies to notify the investment community more quickly when a "material change" will affect their forthcoming financial results. In what sense might a financial manager be seen as "more ethical" if he
or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated?
(Provide your answer as much detail as you can. Your answer is expected to be more in detail and graded stricter than discussion questions in the weekly module.)
Expert Answer:
A financial manager who follows the SEC directive and issues a press release indicating that sales will not be as high as previously anticipated can b... View the full answer
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