Disclosures Reflect a Company's Accounting Essay

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However there is a huge difference after these lines. Morgan quickly wraps it up saying that controls were deemed effective while Citigroup goes on to add who is responsible in the company for ensuring the effectiveness of the procedures. This additional bit of information gives a reader the feeling that the company cares about its disclosure statement and wants to be seen as a responsible firm. Morgan seemed uninterested in this additional information. Even the ending for both are though similar yet for Citigroup it's more thorough and for Morgan, it ends in two lines.

See how the two companies end their disclosures: Citigroup Inc. says, "The Company's management, with the participation of the Company's Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rule 13a-15 (e) under the Exchange Act) as of December 31, 2005 and, based on that evaluation, the Company's Chief Executive Officer and Chief

Financial Officer have concluded that at that date the Company's disclosure controls and procedures were effective.

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Morgan on the other hand writes, "Based upon that evaluation, the Chairman and Chief Executive Officer and the Chief Financial Officer concluded that these disclosure controls and procedures were effective."

There is a clear difference in the depth of the disclosure between the two companies. Morgan should have added who is responsible in the company for ensuring that certain controls are installed and adhered to. It should try to be more through in delineating its disclosure….....

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Latest APA Format (6th edition)

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"Disclosures Reflect A Company's Accounting" (2008, September 12) Retrieved June 5, 2026, from
https://www.aceyourpaper.com/essays/disclosures-reflect-company-accounting-28185

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"Disclosures Reflect A Company's Accounting" 12 September 2008. Web.5 June. 2026. <
https://www.aceyourpaper.com/essays/disclosures-reflect-company-accounting-28185>

Latest Chicago Format (16th edition)

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"Disclosures Reflect A Company's Accounting", 12 September 2008, Accessed.5 June. 2026,
https://www.aceyourpaper.com/essays/disclosures-reflect-company-accounting-28185
   

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