... matters audit committee oversight management disclosure voluntary disclosure information risk expanded auditor's reports key audit matters extended auditor's reports risk disclosure We examine how management's disclosures about subjective financial reporting issues depend jointly...

...-Lawrence 2015 ). The finding that standardized risk disclosures are negatively associated with the likelihood of being flagged as inadequate by the SEC is consistent with the current structure of the SEC, which uses industry specialization of regional offices, leading SEC employees to develop a benchmark...

... risk disclosure oil and gas reserves fair value accounting The recent financial crisis raised the concern that financial statements and other mandatory disclosures do not transparently portray firm risk. Understandably, the concern primarily focused on inadequacies of financial risk...