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 ...

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 ...