The principle behind full disclosure is:

Question

Quizplus · Accepted Answer

Full disclosure requires that any material deviation from GAAP (Generally Accepted Accounting Principles) must be explained to the reader of the financial information in order to provide transparency and ensure that the information is not misleading. Choosing B or C is incorrect as SAS (Statement on Auditing Standards) is not a commonly used accounting principle, and the deviation should be explained to the reader, not the writer. Choosing D is also incorrect as full disclosure is an important concept in accounting and financial reporting.

The Principle Behind Full Disclosure Is