By Teresa Iannaconi, partner, Department of Professional Practice, KPMG LLP | March 02, 2012
From the Financial Reporting Network
Teresa Iannaconi, partner in charge of knowledge sharing at KPMG LLP's Department of Professional Practice, has written an article entitled, "Disclosure Overload: Gaining Control of the Process," in the March 2012 issue of Financial Executive magazine.
The article cites a new study by the Financial Executives Research Foundation (FERF) and KPMG that finds that when it comes to financial reporting, quality may be more important than quantity.
The joint report, Disclosure Overload and Complexity: Hidden in Plain Sight, examines the effect of increased financial disclosures from 2004-2010. The report observes that more financial disclosures are not necessarily better, and recommends financial disclosure enhancement rather than expansion.
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