The National Directory of Certified Public Accountants

Ask A CPA - Bookkeeping & Write-up

What Is The Disclosure Principle ?

The disclosure principle requires that the financial statements inclusive of the income statement, balance sheet and cash flow statements present the most useful material amount of relevant information. Notes may be included to the financial statements for additional disclosure. All information that is necessary in order not to be misleading and for investors to make informed decisions if applicable.

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