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How does the full disclosure principle influence the level of detail required in accounting records and supplementary notes? What determines the appropriate balance between providing too much versus too little information?

How does the full disclosure principle influence the level of detail required in accounting records and supplementary notes? What determines the appropriate balance between providing too much versus too little information?

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 2RQSC
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How does the full disclosure principle influence the level of detail required in accounting

How does the full disclosure principle influence the level of detail required in accounting records and supplementary notes? What determines the appropriate balance between providing too much versus too little information?
Transcribed Image Text:How does the full disclosure principle influence the level of detail required in accounting records and supplementary notes? What determines the appropriate balance between providing too much versus too little information?
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