Business Finance
ACC 305 Intermediate Accounting III

Question Description

Speculate as to why there has been an increase in reporting requirements in the last ten (10) years. Also, give your opinion on whether the increase in reporting requirements has improved investors’ and creditors’ confidence in corporations

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Final Answer

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Increased demand for reporting is one of the consequences of the significant regulatory attention the asset management industry has been receiving. The following are a sample of applicable regulations: • UCITS IV saw new requirements to produce and update information relevant to investors in the KIID. • The Foreign Account Tax Compliance Act (FATCA) included annual reporting requirements on funds with investors in the United States. • Form PF and the Annex IV requirements of AIFMD are impacting alternatives managers in the United States and Europe. • Solvency II regulations for insurers are having a knock on effect on asset management as information on the underlying investments is required.

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