Comm'n, Remarks to Financial Executives Institute International Conference: Qualitative and Differential Disclosure
It could be, therefore, that the disclosure variables are capturing differences in underlying risk and return across BHCs rather than the impact of differential disclosure
This area is perhaps the most controversial aspect of the proposal, because earlier attempts at simplification (e.g., omitting earnings per share and segment data for private reporting entities under both the IASB and FASB standards) have been directed only at differential disclosures
We want to hear in a focused way from people in small business, and the users of small business financial information and the auditors of small businesses, to understand exactly how they see things, to what extent there should be at the least differential disclosures
and the like.
On differential disclosures
: Given the litigation risk, this would be unfair and potentially harmful to certain enterprises and their shareholders.
"We write standards by looking at the economic transaction and coming up with the best answer we can with regard to the appropriate financial statement answer, and then we consider any differential disclosures
that might relate to nonpublic companies," Crooch says.