Experts and literates also differ with respect to the single issue they consider most critical when considering only the set of ten selected financial reporting items: experts are more likely than literates to identify ongoing activities as their most critical issue, while literates identify prominent, nonrecurring issues
. When all three reporting issues listed by participants within this set of ten items are considered, however, there is no difference between groups.
Financial literates likely identify more nonrecurring issues that have been extensively and prominently covered by the business press than recurring or nonrecurring issues that have not received such coverage.
Literates, in contrast, likely can identify a greater ratio of nonrecurring issues that have received press coverage relative to issues that have not.