Which of the following is true about financial statement disclosure?
A)When account balances are aggregated,the analyst has the greatest amount of information.
B)The amount of financial statement disclosure varies widely from one country to another.
C)The concept of full disclosure has been universally adopted around the world.
D)An analyst can always disaggregate financial statement disclosures to obtain needed information.

Question

Quizplus · Accepted Answer

The amount of financial statement disclosure does vary widely from one country to another. Some countries have more strict disclosure requirements than others, and the level of detail provided in financial statements may also differ between jurisdictions. Therefore, it is important for analysts to be aware of the disclosure requirements and practices in the countries they are analyzing. The other answer choices are not true about financial statement disclosure.

Which of the Following Is True About Financial Statement Disclosure