"Our focus is on conflicts of interest and the adequacy and accuracy of disclosures made by brokers to corporate customers," Mr. Blumenthal said in an interview Saturday.
And a push is under way to make the banks that sponsor initial public offerings criminally liable for the accuracy of disclosures made by the companies they are bringing to market.
It is hoped that the standardized reporting form of the International Committee of Medical Journal Editors [ 20] will improve the accuracy of disclosures, however such data are not yet available.
Aluminum products manufacturer China Zhongwang appointed auditing firm Ernst & Young to review its prospectus after media and analysts questioned the accuracy of its disclosure of major customers in the document, which convinced investors to pony up $1.3 billion in Hong Kong in an initial public offering in May.
The OPCW stated that it would use on-site inspections to verify the accuracy of the disclosure by Syria.
XBRL has the potential to improve the efficiency and accuracy of financial disclosures, and thereby reduce costs.
In this study, we exploit the unique reporting requirements for employee stock options to provide large sample evidence on the accuracy of footnote disclosures related to a specific complex estimate, the fair value of options granted.
Management and boards at late-stage, or pre-IPO, companies are on notice that the SEC is paying attention to the late-stage financing arena, and should look internally to ensure that corporate governance and financial controls are befitting their scale, and should also ensure the accuracy of the disclosures they make when raising funds.
Several prior studies have examined the accuracy of COI disclosures in journal publications, with similar results.
Predictors of the accuracy of COI disclosures can be examined when more complete payment data are available with implementation of the Sunshine Act [ 10].
As industry payment data increasingly become publically available, however, journal staff and readers will be able to verify the accuracy of author disclosures.
