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Describe the need for full disclosure in financial reporting

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Reference no: EM131157810

Write a 700-word paper addressing the following:

• What is the full disclosure principle in accounting? Why has disclosure increased substantially in the last 10 years?

• Explain the need for full disclosure in financial reporting.

• Identify possible consequences of failing to properly disclose certain items in financial statements.

APA Guidelines.

Reference no: EM131157810

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