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ACTION PLAN FOR CICODate: ___/___/___Team Members Completing:Instructions: For each element, decideWhether it is fully (2), partially (1), or not partially or not in place, decide (as agroup) what
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Chapter 8 pertains to the reporting and disclosure requirements for certain entities, while Chapter 9 addresses the rules and regulations for municipalities engaging in bankruptcy.
Entities such as public companies and municipalities are required to file Chapter 8 and Chapter 9, respectively.
To fill out Chapter 8 and 9, entities must provide specific financial and operational information according to the guidelines set forth by the governing body, typically using structured forms or templates provided.
The purpose of Chapter 8 is to ensure transparency and compliance with financial reporting standards, while Chapter 9 is designed to facilitate financial reorganization for municipalities facing insolvency.
Chapter 8 requires financial statements, disclosures of material events, and management discussions, while Chapter 9 requires detailed information about debts, assets, and the proposed plan for reorganization.
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