Including all relevant data a reader needs to understand the financial condition and performance of a business refers to which concept?

Question

Quizplus · Accepted Answer

Adequate disclosure concept requires a business to provide all the necessary information that is relevant and material to the financial condition and performance of the company. This includes financial statements, footnotes, management's discussion and analysis, and other relevant disclosures in order to provide a complete picture of the company's financial health.

Including All Relevant Data a Reader Needs to Understand the Financial