Improving disclosure effectiveness

✍ Scribed by John Hepp

• Book ID: 102874636
• Publisher: John Wiley and Sons
• Year: 1998
• Tongue: English
• Weight: 718 KB
• Volume: 9
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.3970090306

✦ Synopsis

ants, Inc. (Vienna, VA). He was formerly a Project Manager for the FASB, where he worked on the disclosure effectiveness project, including the project to revise pension and other postretirement benefit disclosures. Mr. Hepp is currently working with the government of Macedonia on a project to adopt International Accounting Standards and International Auditing Standards. The views expressed in this article are those of the author. Oficial positions of the FASB are determined only after extensive due p m e s s and deliberation.

Some say the current financial reporting requirements constitute disclosure overload. But others say they omit readily available information that is useful for investors. Should the FASB develop a framework for improving disclosure effectiveness?

he report from the AICPA Special Committee on Financial Reporting entitled, Improving Business Reporting-A ~