The GAAP Gap
Corporate Disclosure in the Internet Age

  • Title:

    The GAAP Gap
  • Format:

    Paperback
  • Paperback Price:

    10.00
  • Paperback ISBN:

    0844741477
  • Paperback Dimensions:

    5.5'' x 8.5''
  • 96 Paperback pages
  • Buy the Book

Click here to view the full book as an Adobe PDF.

Half of America has invested in the stock market. The market is now central to any debate about the future of Social Security. In the Knowledge Economy, however, conventional financial reports are increasingly less accurate and relevant. In these circumstances, how does an investor assess the validity of stock prices, and how will company values be communicated in the future?

Today's knowledge-based economy requires a new framework for corporate disclosure. The authors envision an entirely new system of assessing the value of companies--a system tapping the vast communication capabilities of the Internet. Corporate financial reporting would become forward-looking, would be based on precise, comparable measures, and would be presented in real time.

Robert E. Litan is the vice president and the director of the Economic Studies Program and Cabot Family Chair in Economics at the Brookings Institution. He is also the codirector of the AEI-Brookings Joint Center for Regulatory Studies. Peter J. Wallison is a resident fellow at AEI and codirector of AEI's program on financial market regulation.

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About the Author

 

Peter J.
Wallison

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Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
Graduation day: How dads’ involvement impacts higher education success

Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.

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Getting it right: A better strategy to defeat al Qaeda

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Obamacare’s rocky start and uncertain future

During this event, experts with many different views on the ACA will offer their predictions for the future.   

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