What should be disclosed regarding conduit debt issues?

The appropriate disclosure regarding conduit debt issues is the aggregate amount of conduit debt obligations. This is essential because conduit debt, while not directly obligation of the issuer, still represents a significant amount of financial activity that can impact the financial statements and overall financial health of the entity involved.

Disclosing the aggregate amount helps provide a clear picture of the total extent of these obligations, allowing stakeholders to understand the scale of financial commitments associated with conduit debt. It offers transparency and helps fulfill the objectives of financial reporting, which include providing useful information to users making economic decisions.

While specific amounts for each individual issue might provide detail, the aggregate figure is more relevant for stakeholders who are evaluating the overall obligations of the issuer without delving into the specifics of each issuance. Moreover, not disclosing conduit debt obligations could lead to a misrepresentation of the entity's true financial condition. Therefore, aggregate disclosure serves to ensure completeness and clarity in financial reporting.