Disclosure, in financial terms, basically refers to the action of making all relevant information about a company available to the public in a timely manner. Full Disclosure Principle is an accounting policy backed by GAAP (Generally Accepted Accounting Principles) and IFRS7 (International Financial Reporting Standards), which requires the management of an organization to disclose each and every relevant and material financial information whether monetary or non-monetary to creditors, investors and any other stakeholder who depends on the financial reports published by the organization in their decision-making process related to the organization.
