Executives and investors are being overwhelmed by the amount of data contained in financial disclosures, according to a report from KPMG and the Financial Executives Research Foundation. The volume of information companies disclose has increased by 16%, while footnotes have increased about 30% in the past six years. "The sheer quantity of financial disclosure has become so excessive that it has diminished the overall value of these disclosures," KPMG audit partner Terry Iannaconi says.

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