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Adequate Disclosure

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Adequate Disclosure
A convention in which accountants attempt to include all relevant or potentially relevant information in a financial statement, either in the statement itself or in a footnote.


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Companies cannot possibly guess in advance what will be deemed adequate disclosure years later in collateral litigation.
Sebi felt that such brand building strategies of media groups, without appropriate and adequate disclosure may not be in the interest of investors and financial markets.
The review was initiated when it was revealed that two Elsevier publications from 2003, presented as an unbiased journal, were in fact sponsored publications lacking adequate disclosures.
 
 
 
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