The fundamental challenge for audit committees is to help ensure that the company has the necessary procedures so that, as noted by the SEC, "important information flows to the appropriate collection and disclosure
points in a timely manner," and the company's principal executives can provide accurate and complete information to security holders.
This is all the DOL has to say about it: "A plan administrator will not be liable for the completeness and accuracy of information used to satisfy these disclosure
requirements when the plan administrator reasonably and in good faith relies on information received from or provided by a plan service provider or the issuer of a designated investment alternative.
But my research into this matter led me to conclude that Chesapeake had not failed to adhere to the disclosure
rules of U.
The FTC report, Improving Consumer Mortgage Disclosures
: An Empirical Assessment of Current and Prototype Disclosure
Forms, noted that despite a long history of mortgage cost disclosure
requirements and many legislative and regulatory proposals, little empirical evidence exists to document the effect of the current disclosures
on consumer understanding of mortgage costs, consumer mortgage shopping or consumer mortgage choice.
will the fact of anticipated disclosure
require specific informed written consent of the client?
Current proxy disclosures
would be refined to include improved narrative disclosure
on the compensation of the CEO, CFO and the three other highest paid executive officers, a change from current rules that don't specifically name the CFO.
The therapeutic argument is also simple and straightforward: full disclosure
is essential for healing.
If a line referred to in the procedure is affected and requires additional reporting, a taxpayer may have to file Form 8275, Disclosure
Statement, or 8275-R, Regulation Disclosure
Statement, until the Service prescribes criteria for complying with the requirement.
a reliance opinion) and whether a disclosure
Indeed, in light of the Court's interpretation, the watchword is disclosure
, and more disclosure
It's usually a customer complaint or legal action that compels manufacturers to attach disclosure
statements to their products.
The formats for some of the existing disclosure
tables have been revised, one set of existing tables has been deleted, and new tables have been added.