Results indirectly support the FASB’s 2012 decision to not precede with disclosure policy changes in contingency-note disclosures. I also find that although firms are providing less litigation-disclosure modifications in the two litigation sections, such disclosures do predict future occurrence of litigation cases and are complementary in providing litigation information to investors. I then find firms with higher proprietary cost, higher litigation risk and non-big 4 auditors to be associated with more litigation-disclosure modifications. ResultsOf the quotes identified in the papers and articles examined the. I first confirm the SEC's and the FASB's concern that firms are providing less litigation-disclosure modifications. Factorial analysis supported the evidence for removing four more items to ensure. Litigation-disclosure modifications are defined as the amount of litigation content disclosed in year t but not in year t-1. Studies that use the term clustering often resort to textual evidence to estimate. At the beginning of the article, it explains how technology has changed over time, as well as get much better.
This study is the first to examine the litigation-disclosure modifications of legal proceedings (i.e., Item 103) and contingency-note disclosures (i.e., ASC 450) in the 10-K. exists of outsiders that do not cite any insiders (coloured in red). In this article, it discusses many things in terms of advertisements then and now.
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