Financial Statement Disclosures: Standard Setter, Regulator, and Investor Perspectives

Over the past few years, concerns have been voiced regarding the effectiveness of financial reporting disclosures. Some feel that current disclosures fall short of providing sufficient transparency and telling investors a comprehensive story of the business. Others point to the growing volume of disclosures and the belief that investors are inundated with so much information that they’re unable to find the most relevant details within ever-growing annual reports.

Against this backdrop, CFA Institute recently held a webinar, “Financial Statement Disclosures: Standard Setter, Regulator, and Investor Perspectives,” to discuss the Financial Accounting Standards Board (FASB) and European Financial Reporting Advisory Group (EFRAG) proposals for developing a disclosure framework and improving financial disclosures. In addition, based upon the results of a survey conducted by CFA Institute earlier this year, the webinar provides:

• Investor views on current financial disclosure information and what changes are necessary to afford greater transparency
• CFA Institute recommendations on the development of a disclosure framework and enhancing the effectiveness of financial disclosures.