The principle of full disclosure pertains to:
A) The entity fully discloses all client data.
B) The entity fully discloses all proprietary information.
C) The entity fully discloses all necessary information to prevent a reasonably astute user of financial statements from being misled.
D) The entity fully discloses all necessary information to prevent all users of financial statements from being misled.
E) All of these.

Question

Quizplus · Accepted Answer

The principle of full disclosure requires that all necessary information be disclosed in financial statements to ensure that a reasonably astute user is not misled.

The Principle of Full Disclosure Pertains To