New SEC statement on disclosure requirements
28 Jan 2002
The US SEC has issued a statement on disclosure requirements for public companies that applies to both domestic and foreign registrants.
The statement sets forth the Commission's views regarding certain disclosures that should be considered by public companies while preparing annual reports for the year recently ended. The disclosure areas are liquidity and capital resources including off-balance sheet arrangements; certain trading activities that include non-exchange traded contracts accounted for at fair value; and effects of transactions with related and certain other parties.
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