Decision Case 2 es. Sell-Soft is the defendant in numerous lawsuits claim I-Soft has strong incentives not to disclose these conti GAAP requires that companies report their contingent liabili Requirements 1. Why would a company prefer not to disclose its contingent 2. Describe how a bank could be harmed if a company seeking a loan dia n its contingent liabilities. 3. What ethical tightrope must companies walk when they report contingent liabilities