... case adapted, continuous disclosure may not result in an informed market as it is clear that directors of ATS do not want to disclose their financial reports at the stated period but at a later date. This goes against the disclosure principle as the principle states that an entity should immediately disclose "material" information regarding any changes or development on an entity ... where profit is simply the difference between revenue and expenses. An entity's profit is defined as the amount that an entity can distribute to its owners at the end of a period after maintaining its capit...

• Word Count: 1231
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate