The study also seeks to investigate the significant difference in terms of risk management disclosure
between the group of firms in the Nigerian financial institution.
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.
Under the Section 404(a)5 participant disclosure
regulation, plan committees-serving as the ERISA plan administrator-were required to provide participants with detailed disclosures
about plan features, investments and costs.
Over the last few weeks, DFM has successfully hosted 9 training sessions to educate 68 disclosure
employees representing 43 UAE listed companies on the effective operation of this solution.
As illustrated, the "full" in "full disclosure
" is very subjective.
As standard setters, regulators and others seem to continuously call for and deliver more regulations, more standards, more transparency and more disclosure
, financial executives are having difficulty keeping up with the volumes of materials that are expected from them.
Cozby (1973) points out three major parameters of the self-disclosure: (a) the quantity of the disclosed information, (b) the degree of intimacy of the disclosed information, (c) the time which is necessary for the disclosure
of desired information (quoted in Watkins, 1990, p.478).
This tutor disclosure
also illustrates that the tutee must put forth that extra effort in order to achieve good results.
As to any state disclosure
requirements, these may be preempted by the federal law, E-Sign, as explained in other articles which previously appeared in Franchising World.
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.
If CPAs anticipate that their external service provider will disclose confidential client information to persons or entities outside the U.S., will the fact of anticipated disclosure
require specific informed written consent of the client?