Wednesday, 5 June 2013

David Webb: Improving financial disclosure

Webb-site founder David Webb spoke in a panel session at the IFRS event in HK:

"Improving the usefulness and clarity of financial disclosures: the investor's perspective".

His slides can be found here.

(FVTPL: financial instruments classified as financial assets or financial liabilities at Fair Value Through Profit or Loss)

His last remark is also very true in the Malaysian context:

"Fraud will only reduce if the incentives and deterrents are rebalanced".

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