Investors and financial executives are increasingly feeling overloaded by the volume and complexity of financial disclosure information in annual reports and other financial filings, according to a new study.
The research report, by KPMG LLP and the Financial Executives Research Foundation, a nonprofit affiliate of Financial Executives International, found that the volume of disclosure information has increased 16 percent during the past six years, while the volume of footnotes has gone up 28 percent. The increased volume and complexity of financial disclosure information is causing a dilemma, especially for small investors who are trying to absorb the greater amounts of data.
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