Robert Herz Discusses Disclosure Expectations in First Issue

International Treasurer – March 7, 1994

Robert Herz, then with Coopers & Lybrand (pre-PwC and FASB Chairmanship), wrote about SEC derivatives disclosure rules in the first issue of International Treasurer.   

“Companies should take steps now to assess their exposure to pending disclosure expectations. In January [1994], the staff of the SEC announced that it expects registrants to reveal as much about their off-balance sheet activities and positions in derivative markets as they now disclose about their activities and cash positions on-balance sheet. Care must be taken in positioning derivative activities with analysts and shareholders, both to avoid misperception and the revealing of competitive secrets.”