The value of information in equity investment decisions differs between accountants and financial analysts.
Differences exist in disclosure adequacy, internationally.
U.S. banks are leaders in the extent of disclosure. A positive correlation exists between size and disclosure. There is a low consensus between producers and users on the ten disclosure items. There is divergence between the actual degree of disclosure provided by the firm and that degree of disclosure which is perceived by external users to be desirable. Size is related to voluntary disclosure.