Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Next time you see a member of the team that puts together your company’s annual report, give that person a pat on the back. They’ll need it this year. Coming fresh off 2002–a year in which corporate scandals and accounting shenanigans seemed almost daily revelations–regulators, and more importantly investors, are in no mood to be toyed with, let alone lied to. The premium in year-end wrap-ups must be on telling it straight and telling it simply. In other words, junk the footnotes.

It’s all part of the so-called new age of financial disclosure. Executives must now swear to the veracity of financial statements. When trying to woo investors, using pro forma numbers instead of GAAP results can do as much harm as good. And even the proxy statements and lowly little annual reports have new bars to hurdle with respect to which pieces of information must be disclosed and how.


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.