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A former employee is suing a large company for personal injury suffered while on the job. Should this be recorded, disclosed or NOT reported? O
A former employee is suing a large company for personal injury suffered while on the job. Should this be recorded, disclosed or NOT reported? O If the company expects to lose, and the amount appears estimable, then a provision should be set up. (A liability should be recorded.) O If the company is unsure of their success with the lawsuit, then it does not have to be reported or disclosed. O Disclosure is required once the trial has begun and the company's legal department can speculate on their chances of winning. O The injury was personal, so no reporting or disclosure is required
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