Unformatted text preview: by Dreier and Eshoo requires that the top five officers of a company information regarding stock are left out of the financial statements. (c) The bill in Congress urges the FASB to develop a rule that preserves “the ability of companies to use this innovative tool to attract talented employees.” Write a response to these Congress-people explaining the importance of neutrality in financial accounting and reporting. The need for companies to use this “innovate tool to attract talented employees” is understandable, however the rules and ethics of the financial accounting world are more important and therefore should be followed. A company needs to follow these rules and ethics by fully disclosing all information, in the financial statements, which may be relevant to investors and creditors. The information reported in the financial statements must be honest, accurate, and neutral to ensure that the information provided meets full disclosure....
View Full Document
- Spring '10
- Debt, United States Congress, The Bill, Dreier, Neutral