Effectiveness and Efficiency of Disclosure: A Preparer's Perspective

摘要

Transparent corporate reports are required for reducing the asymmetric distribution of information between providers of capital and company management. In recent years, several major trends have led to an increase in the volume and complexity of corporate reports, jeopardizing the usefulness of such information. The article compares and contrasts, from a preparers' perspective, certain current initiatives which have the potential to increase this complexity even further, with encouraging developments observed in Anglo-Saxon jurisdictions that counter disclosure overload. In closing, the author provides his thoughts how the current disclosure regime could be improved.