Morning Ben! Yes I studied all night but I am still a bit nervous.
Wow! That's great. Can I ask you some questions ?
Yeah sure!
Okay great! so tell me what is Full disclosure principle?
The Full Disclosure Principle states that all relevant and necessary information for the understanding of a company's financial statements must be included in public company filings.
Accounts Test Q1 List 1 advantage of full disclosure principle. Q2 List 1 disadvantage of full disclosure principle
Ans1- It helps in saving the investors from getting misled by the companies
Ans2-There are chances that the competitors will use the information disclosed by the company against them