Business: Accounting Area
Corporate Disclosures: Why companies choose to disclose, or not, forward-looking information in their corporate annual reports.
Merridee Bujaki and Bruce J. McConomy
published: 2011 | Research publication | Magazine Article
Why do some companies provide extensive forward-looking disclosures while others remain relatively silent? What prompts some companies to disclose important discretionary information in their letter to shareholders rather than in the management discussion and analysis (MD&A)? Is the extent of disclosure likely to change as companies move to adopt IFRS? Recent developments in academic research help address these and other questions. Literature on voluntary versus mandatory disclosures and a sample of Canadian public companies illustrate the form and content of forward-looking disclosures in Canadian annual reports.
revised Aug 16/11