What is the full disclosure principle?

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Full disclosure principle is relevant to materiality concept. It requires that all material information has to be disclosed in the financial statements either on the face of the financial statements or in the notes to the financial statements.

The full disclosure principle states that we should include in the entity 's financial statements all information will affect a reader understanding of these statements

The full disclosure principle means a company to provide the necessary information so that people who are accustomed to reading financial information can make informed decisions concerning the company.