full disclosure principle (EN)

phrase

phrase “full disclosure principle”

1. (in accounting) the principle that requires a company to provide all important information in its financial statements
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   The accountant ensured the company followed the full disclosure principle by including all pending liabilities in the annual report.
2. (in law) the principle that mandates the disclosure of all relevant information in legal matters
   Under the full disclosure principle, the seller had to reveal the property's faults before the sale.