(ii) Explain why the disclosure of voluntary information in annual reports can enhance the
(ii) Explain why the disclosure of voluntary information in annual reports can enhance the company’s
accountability to equity investors. (4 marks)
(ii) Accountability to equity investors
Voluntary disclosures are an effective way of redressing the information asymmetry that exists between management and
investors. In adding to mandatory content, voluntary disclosures give a fuller picture of the state of the company.
More information helps investors decide whether the company matches their risk, strategic and ethical criteria, and
expectations.
Makes the annual report more forward looking (predictive) whereas the majority of the numerical content is backward
facing on what has been.
Helps transparency in communicating more fully thereby better meeting the agency accountability to investors,
particularly shareholders.
There is a considerable amount of qualitative information that cannot be conveyed using statutory numbers (such as
strategy, ethical content, social reporting, etc).
Voluntary disclosure gives a more rounded and more complete view of the company, its activities, strategies, purposes
and values.
Voluntary disclosure enables the company to address specific shareholder concerns as they arise (such as responding
to negative publicity).
[Tutorial note: other valid points will attract marks]
最好给出解释(为什么这么选) 及a number of和the number of 的区别 ( ) 英语 2020-05-14 …
英语翻译01.Foundations of Stone02.The Taming of Smiag 其他 2020-05-16 …
英语翻译In the moon of the fallen leaves (Wovoka),App 其他 2020-05-16 …
初三英语任务阅读The Spring Festival is our Chinese people 英语 2020-05-17 …
(ii) Explain why the disclosure of voluntary infor 财会类考试 2020-05-21 …
(ii) Briefly explain the extent to which the appli 财会类考试 2020-05-21 …
(ii) Illustrate the benefit of revising the corpor 财会类考试 2020-05-21 …
(ii) Briefly outline the tax consequences for Henr 财会类考试 2020-05-21 …
(ii) Set out the information required by Jane in c 财会类考试 2020-05-21 …
(ii) Analyse the effect of delaying the sale of th 财会类考试 2020-05-21 …