In today’s business environment, a comprehensive disclosure of events, policies and developments in an entity act as an insurance against regulatory disciplinary action. If prevention is better than cure (and it is), proper and adequate disclosures are better than disclosures...
We know how it is. The difference between two quarters in a financial year is supposed to be three months but it doesn’t looks like three days when it comes to financial reporting and disclosures.
Accounting Standards all over the world appear to be taking refuge in detailed disclosures. Whether we like it or not, we are in an era where it is better to just disclose it. Which is what explains our URL.
Any questions or issues on Accounting Policies and Disclosures under Accounting Standards? Talk to us. We will enable you to “ just disclose it” without much sweat.