nswer this question, focus on the understandability and usefulness of the disclosures to the users of the financial statements. Finally, compare the extent of Microsoft’s disclosures to those made by Goldman Sachs.  Why do

Contemporary Auditing
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Chapter8: International Cases
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Compare the information disclosed by Microsoft to comply with the fair value disclosure requirements found in Section 820-10-50 of the Codification with that provided by Goldman Sachs. What is your opinion of the overall value of the information disclosed by each firm?  To answer this question, focus on the understandability and usefulness of the disclosures to the users of the financial statements. Finally, compare the extent of Microsoft’s disclosures to those made by Goldman Sachs.  Why do you think that there is a difference in the level of disclosure detail for the two companies?  

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