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What is called a "Full Disclosure concept" ?

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/08/18
Ayyub khan Ibrahim Khan Deshmukh
by Ayyub khan Ibrahim Khan Deshmukh , Finance Manager , Ahmad Al-Sarraf General Trading & Contracting Est.

Full disclosure concept is a term used in reference to financial statements. It means that a financial statement should not be used as a means to conceal but as a way to convey so a person can get a correct picture of the position and financial performance of a company.    

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