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Has a company provided the information that an investor needs to make an informed business decision ? The staff believes that more useful and consistent disclosure requirements for the notes to the financial statements could be achieved if a disclosure framework were developed that set forth the objectives to be used in these disclosures . Users can also access the Watermark and Stamp feature for branding corporate documents with logos , text or images . Other consultants strengthened their policies by setting forth the maximum value of gifts that an employee could receive and , to ensure compliance , they imposed or better defined the requirements for employees to report the gift . If the purchaser of a market instrument assumes the role of the employee , then the instrument would be intended to be designed such that the purchaser would pay an amount based on the value that the purchaser would expect an employee to receive from the option . The Commission 's decision to increase the flexibility of the registration system for all issuers and to allow the largest companies to access the market instantly depended on the enhancements to periodic and current reporting and disclosure processes under the Exchange Act. We recognize that this is not an easy area either and have provided staff FAQs and a Commission statement on implementation . One of the general requirements of Statement 133 is that hedge accounting is only appropriate for hedging relationships that an entity expects to be highly effective in achieving offsetting changes in fair value or cash flows attributable to the risk being hedged.3 To meet this requirement , companies must assess the effectiveness of a hedging relationship both prospectively and retrospectively .