Abstract
AbstractCorporate treasurers and controllers know that liquidity and credit risk grabbed the attention of investors and creditors during the 2008 financial crisis. Suddenly everyone saw the risks to companies from questionable financial instruments. And critics asked, “Where were the risk managers? Why did the CFOs and treasurers not highlight these risks?” Because corporate treasurers and controllers are involved in managing and reporting on corporate liquidity, they may want to review the SEC's liquidity disclosure requirements detailed in this article. That review will help ensure that their companies' disclosures fully reflect such requirements—and highlight the important risks for investors. Now that the world economy seems to be weakening again, that review is even more important. And it also seems wise to take a look at certain proposed FASB disclosures on liquidity risks that are covered in this article—and to consider how these may affect future financial reports. © 2012 Wiley Periodicals, Inc.
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