Full Disclosure vs. Effective Disclosure: Your Responsibility

Streaming video - 2015

Course Overview From potential investors to management, the users of financial statements expect to be completely aware of a company's financial situation. Against the background of recent FASB commentary and the possibility of a new disclosure framework, Bruce Pounder distinguishes between providing "full disclosure" and "effective disclosure." Learning Objectives: Upon successful completion of this segment, you should be able to: explain the benefits of the effective disclosure; distinguish between "full disclosure" and "effective disclosure"; identify the goals of FASB's disclosure framework project; define what is meant by SEC's "fair disclosure."