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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OCIE will continue to monitor the growth of cryptocurrencies and initial coin offerings and examine registrants involved in their offer and sale to ensure that investors receive adequate disclosures about the risks associated with these investments.
The Monetary Authority of Singapore (MAS) says it made timely, relevant and adequate disclosures of its regulatory findings and actions relating to the 1Malaysia Development Bhd's (1MDB) investigations.
Grant Thornton Abdulaal audit partner Nirmal Gheewala has emphasised that all the companies in the kingdom should ensure that adequate disclosures are made in the financial statements for the year ended December 31, 2018 to comply with the amendments to accounting standards, especially the new accounting standards that were applicable for the year then ended, mainly IFRS 9 and IFRS 15.
In a statement, the Monetary Authority of Singapore (MAS) said that it had made timely, relevant and adequate disclosures relating to 1Malaysia Development Bhd's (1MDB) investigations.
For this reason, the Securities and Exchange Commission (SEC) reformed the erstwhile NCCG 2003 and issued a new NCCG 2011 which requires all publicly traded companies in Nigeria to make adequate disclosures of risk management practices in their annual reports (Kakanda et al.
New and improved requirements have been prescribed pertaining to disclosures of financial risks to customers, adequate disclosures of conflict of interest, confidentiality of client and non-public information, order execution and recording, reconciliation and reporting of client asset segregation, complaint handling, short selling, business contingency, formulation of policies and procedures for internal controls, trading by employees and other affiliated persons, compliance function, record maintenance and retention, regular audits etc.
Part of the reason for the relatively low score of our PLCs is the lack of adequate disclosures compared to our counterparts in the South East Asian region, explained Estanislao.
The ADB report said the Philippines is falling behind in this aspect due to lack of adequate disclosures, particularly on company websites as most companies fail to provide key information such as contact details, policies and procedures, to name a few.
For savvy investors, a steady flow of information, timely and adequate disclosures are essential attributes for any company seeking to broaden its international shareholder base."
The market watchdog said that adequate disclosures would be required to be made without hampering the capital- raising potential of such firms in new- age sectors like technology.
Similar to taxpayer penalties, tax return preparers can avoid penalties under IRC section 6694(a) by making adequate disclosures; however, the adequate disclosure rules for preparers differ slightly from the IRC section 6662 taxpayer rules.