Bank disclosure lags bank reality

In 1993, the SEC's Office of the Chief Accountant began work on a revision of Guide 3, which mandates supplemental information not found in the certified statements and notes in the financial reporting of publicly held bank holding companies. Industry conditions and practices are changing too r...

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Bibliographic Details
Published in:United States banker (Cos Cob) 1994-02, Vol.104 (2), p.74
Main Author: Cates, David L
Format: Article
Language:English
Subjects:
Accounting
Accounting and auditing
Aircraft
Bank stocks
Banking industry
Commercial banks
Disclosure
Financial analysis
Financial reporting
Financial services
Financial statements
Investments
Management
Regulated industries
Stockholders
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Summary:In 1993, the SEC's Office of the Chief Accountant began work on a revision of Guide 3, which mandates supplemental information not found in the certified statements and notes in the financial reporting of publicly held bank holding companies. Industry conditions and practices are changing too rapidly for the standard body of financial reporting to keep pace.
ISSN:0148-8848
2162-3198
2470-2080