The Disclosure Chapter of the OECD Guidelines Recommends Disclosure on All

question 102

True/False

The disclosure chapter of the OECD guidelines recommends disclosure on all material matters and encourages communication in areas where reporting standards are still emerging such as social,environmental,and risk reporting.

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Definitions:

Account

A record or statement of financial transactions pertaining to an individual, business, or other entity.

Invoice

A document issued by a seller to a buyer that outlines the goods or services sold, their prices, and the payment terms.

Outstanding Balance

The amount of money owed that remains in a borrower's account, excluding interest and fees, that has not yet been paid.

Invoice

A document issued by a seller to a buyer, indicating items sold, prices, date of shipment, delivery and payment terms.