A company's financial statements are supposed to provide a picture of its financial condition. But without context, the statements are just numbers -- a muddy picture, at best. Detailed disclosures contained within the footnotes to the financial statements supply the necessary context, fleshing out...
These requirements are intended to protect the investing public from deceptive or misleading marketing practices. The company and its leading figures are strictly liable for any inaccuracy in its financial statements, whether intentional or not. Later legislation created theSecurities and Exchange Commission...
In the financial world, most brokers and others who are responsible for managing the resources of clients are required to file annual disclosure statements. In the United States, this process is often structured to comply with provisions put in place by the National Association of Securities ...
Disclosure statements for all of these plans must clearly spell out who contributes to the plan, contribution limits, if contributions are pre- or after-tax, if investments growtax-deferred, and when it is appropriate to begin withdrawals without penalty. If an individual does withdraw funds prema...
Construction loans are loans that fund the building of a residential home (aka astick-built house), from the land purchase to the finished structure. Common types are a standalone construction loan — a short-term loan (generally with a year-long term) — which only finances the building ph...
What is an auditor’s responsibility for supplementary information, such as disclosure of pension information, which is outside the basic financial statements but required by the GASB?A. The auditor’s only responsibility for supplementary information is to determine that such information has not been...
Without business disclosure statements, many of us would probably be a lot less capable of understanding where our money is going when we buy a house or a car or open a bank account. I cannot imagine trying to do any sort of business with large sums of money in the times, which really...
How to Navigate the IRS Wash Sale Rule If you're considering tax-loss harvesting, you'll want to avoid running afoul of the wash sale rule. Marguerita ChengDec. 19, 2024 Tax Breaks for Investors With Advisors Financial advisor fees are not tax-deductible now, but there are still tax benef...
QuickBooks Payments:QuickBooks Payments account subject to eligibility criteria, credit, and application approval. Subscription to QuickBooks Online required. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services...
(al) risk management” in financial statements. Finally, 7856 risk headings related to reputational risk from 4590 Form 10-K filings released by 828 U.S. financial institutions from 2006 to 2019 are selected to identify the risk drivers. Compared to Heidinger and Gatzert (2018), who used ...