Banks and insurers, which use piles of derivatives, are less than pleased.The IASB argues that IAS39, and other fair-value accounting standards, such as IAS32, which mainly affects insurers, do not create volatility: they merely disclose it.
As a lawyer, he represented Ernst & Young and PricewaterhouseCoopers "as they negotiated appropriate independence rules with the SEC", as he puts it.Intense lobbying by accounting firms at the time forced Mr Levitt to agree a compromise whereby the firms would merely disclose each year how much they had earned from selling non-audit services to each firm that they audited.
Indeed, given the words used in the prosecutor's "request," would it be so crazy for a person to conclude that he himself could be prosecuted for merely disclosing the subpoena?
Only disclose what you want to disclose.
The proposal is likely to raise a host of questions: Should economists be required merely to disclose who finances their research, as many academic journals already require?
The terms are not being disclosed, but the startup is merely 2 years old and just raised $3 million from Venrock in May 2009, so we're assuming this is a good exit for the fledgling company and its sole investor.
Erika's loneliness and desperation are disclosed not merely in her chaotic, unsatisfactory encounters with Walter, but in her obsessive, needy, desolate arguments with her mother, played by Annie Girardot.
Why it probably won't is because average investors do not understand the difference between a broker (legally bound only to recommend "suitable" investments) and someone who is working as a fiduciary (more strictly required to recommend what's best for you, not merely suitable, and disclose any conflicts).
He also blamed lack of clarity about the fund's eventual firepower, disclosing merely that the new investment fund designed to attract overseas investors would now be known as a "co-investment fund" rather than a special purpose investment vehicle (SPIV).
NTTis hardly alone: Fifty-two ofthef the 100 companies in our list starting on p. 52 disclose merely a lump sum for their executives' compensation.
