Liabilities Discussion
An individual can misrepresent the position while holding a security in relation to its value. Although companies or individuals are given detail information that is required by the SEC, is there a way to validate the position of the security? This is why any misrepresentation should be restated to correct the values contained within the financial statements.
Term bonds are a great type of security. Bonds are guaranteed money and bondholders will be the first in line in case of a bankruptcy. Do you believe the four financial statements are sufficient to provide to the investor or do you believe additional information should be required in regards to specific types of securities? Why or why not?