Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Disclosure of financial accounting information has benefits as well as associated costs. All things being equal, investors and regulatory agencies like the SEC desire greater

Disclosure of financial accounting information has benefits as well as associated costs. All things being equal, investors and regulatory agencies like the SEC desire greater disclosure while businesses might prefer less disclosure requirements due to the cost of accurate disclosure. Disclosure requires the release of accurate and transparent financial accounting statements. The Sarbanes-Oxley act of 2002 was in some measure a response to scandalous corporate behavior in the lat 1990s and early 2000s and was meant to increase the confidence that investors and external users have in the truthfulness and accuracy of publicly available financial statements. In this discussion post you are to discuss either the pro or con of full financial disclosure. You must take a position advocating full disclosure and why this is beneficial for the marketplace and the economy or a position arguing that the associated costs of full disclosure outweigh its benefits. To prepare for your original post, find a business article related to some aspect of disclosure of accounting statements. Articles from business publications like the Wall Street Journal, Business Week, and Barons would be ideal. You may also use an academic article on this topic. You must include the source reference that you are using to help you make the argument for or against full financial disclosure

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia A Libby

3rd Edition

0073527106, 9780073527109

More Books

Students also viewed these Accounting questions

Question

1. Empirical or factual information,

Answered: 1 week ago

Question

1. To take in the necessary information,

Answered: 1 week ago