Research an accounting disclosure beyond the text and lesson notes. Discuss your opinion about the responsibility companies has regarding the disclosure of financial information. In your discussion answer the questions based on your opinion:

Are companies obligated to disclose more information beyond the requirements of GAAP and IFRS? Which stakeholders are most affected by the companys disclosure policies? Should the accounting profession at large be held accountable for the losses shareholders and employees suffered due to the financial disasters of Enron and Worldcom.