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17 April, 22:26

A company that is concerned with identifying circumstances or events that have materiality and including the relevant information in their financial documents will be successful at complying with which principle in financial reporting?

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  1. 17 April, 22:49
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    Full disclosure principle.

    Explanation:

    Full disclosure means that a company discloses any necessary and relevant information relating to the business on their financial statements.

    For example if a business is having financial crisis, sales are going down and there is possibility of closure, this information should be stated in the financial statement. Not reporting it goes against the principle of full disclosure.
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