A major supplier for your organization is located within a

Reference no: EM13594193

A major supplier for your organization is located within a country that is undergoing significant political turmoil. You become aware several weeks prior to the issuance of your 2011 Annual Report that there is a high probability that your supplier will be forced to close its operations for an undefined amount of time beginning sometime in the third or fourth quarter of 2012. Do you disclose this information within your 2011 Annual Report? If so, what would be the format of the disclosure ? What is the basis for your decision to either disclose or no disclose?

Reference no: EM13594193

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