The recent financial downturn and continuing economic global crises have caused some users of financial statements — investors, lenders or financial analysts — to question if auditors’ reports could ...

Accountants sometimes include important notes regarding a company's assets, liabilities or equity on financial statements. Notes can be added as an attachment to a financial statement or as a footnote ...

There is considerable agreement that more disclosures often do not lead to more useful financial statements. The question FASB faces now is: How to decide the best way to instruct preparers on which ...

Vague disclosures by public companies in the footnotes to their financial statements about how much they’re paying in taxes don’t appear to be deterring investors, according to a new academic study.

The Financial Accounting Standards Board is making progress on its disclosure framework project, which aims to establish an overarching framework to help the board establish requirements for ...

FASB on Wednesday issued a proposal designed to improve disclosures of uncertainties related to an organization’s ability to continue as a going concern. Under U.S. GAAP, financial statements are ...

Financial statement disclosures provide internal and external business stakeholders with additional information regarding a company's financial operations. Small businesses do not usually have ...

This report details how my firm handle the very complex disclosure of unusual items from Ford’s (F) 2006 10-K and underscores the importance of rigorous analysis of footnotes to understanding true ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston ...