Transparent disclosure These concerns, among others, also raise the importance of disclosures in the financial statements that assist readers in understanding how the financial statements reflect the business strategy, risk management, and operating effectiveness of the enterprise.
Right from the year I set the tradition of holding an annual dinner with the major economic stakeholders in the country I focused mostly on regulatory and supervisory issues in my addresses. Intentionally, I chose certain regulatory and supervisory issues as the leading themes of my addresses for reasons that I strongly believe should be clearer by now.