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The companies that found some creative and later discovered, illegal methods for reporting the financial status of the company have caused the SEC and FASB to tighten existing guidelines and create many new ones.
What is Full Disclosure
Full disclosure, what does this term mean? The Merriam-Webster dictionary defines full as; 1. containing as much or as many as is possible or normal, 2 a: complete especially in detail, number, or duration, 3 a: being at the highest or greatest degree. And the same dictionary disclosure as; 1 : the act or an instanced of disclosing (disclose – to make known or public)...
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