Reporting and Disclosure: Publicly Traded Companies
Currently, a publicly traded company in the United States must produce a form 10-K each year (Dignam & Lowry, 2006). This is required by the Securities and Exchange Commission (SEC), and provides a comprehensive overview of the company and its financial health. The 10-K is not the same as the yearly report that is produced for shareholders of the company. Depending on the size of the company, it is possible that other forms beyond the 10-K must be filed, as well (Berezin, 2005). While some are uncertain as to whether the current reporting and disclosure requirements are sufficient for companies that are publicly traded, the form 10-K is dozens of pages and encompasses a great deal of information. Company background information is provided, along with financial statements that have been audited, subsidiaries, equity, organizational structure, the compensation paid to executives, and other things (Berezin, 2005). From all of that information, it would seem likely that a potential stakeholder or a potential investor would be able to determine whether the company's performance was acceptable.
If a potential investor or stakeholder was to take that information and look back through it for several years, a trend could be established that would help determine whether the company was moving in the right direction and was a solid investment (Sullivan & Sheffrin, 2003). Because there is a high degree of transparency in financial reporting and accounting standards in the present day, the disclosure requirements appear to be sufficient...
Risk analysis in disclosure cases also demonstrates that disclosure hazards are events that organizations repeat in cyclic patterns. Thus, to prevent violations and to accurately estimate the probability of an unauthorized disclosure, there are many opportunities to measure the abuses just as there are many opportunities to discover abuse on pregnant women. Breaking the pattern of violence on pregnant women without help is very difficult and leaving home is not
disclosure principle in accounting is the standard adopted by the accounting profession, which "calls for financial reporting of any financial facts significant enough to influence the judgment of an informed reader" (Kieso, Weygandt, & Warfield, 2007). Obviously, this definition is a very subjective one, because the reporting entity makes the determination of what facts are significant enough to influence an informed reader. "To reduce the amount of disclosure, it
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As oversight staffing budgets are reduced and redundancy is addressed, many states will follow Pennsylvania's lead. Concept Discussion In our current setting, healthcare organizations are legislatively driven to follow strict disclosure polices in order to shield patient related and other protected data yet still these facilities and staff will be required to provide superior customer service. Thus, the information age has strained governmental legislation bolstering individual patient's privacy. "In the past
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