Question
The SEC has encouraged companies to include detailed information in their forward-looking statements for 2020. The SEC stated that the historical significance of the 2020
The SEC has "encouraged" companies to include detailed information in their forward-looking statements for 2020. The SEC stated that the historical significance of the 2020 earnings may be of less significance to users for predicting future results.
The SEC called on companies to provide as much information as is practicable regarding their current operating status and their future operating plans under various COVID-19 mitigation conditions, including detailed disclosure related to liquidity positions, received or anticipated government financial assistance, expected financial resource needs and measures taken to protect worker and customer health and safety.
In addition to these items suggested by the SEC identify three additional items that you believe would be critical "forward-looking" disclosures to assist users of the financial statements.
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