Accounting Factoids™

See our Accounting Factoids™ below by Salberg & Company, P.A.- Experts in Public Company Auditing and Client Service.Today’s topic is Footnotes:

Financial statements footnotes should be complete, clear and concise. Too much can be as misleading as too little.

Many financials fail to disclose all concentrations.There are a broad range of concentration topics to disclose.

Subsequent events must be disclosed by management and audited by the auditor.

Policy footnotes should disclose only the policy; not the balances or

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