Adequate Disclosure

question 14

Essay

Adequate disclosure
(a)Briefly explain what is meant by the principle of adequate disclosure.
(b)How does professional judgment enter into the application of the principle of adequate disclosure?
(c)List 5 types of information that a publicly held corporation generally would be required to provide according to the concept of adequate disclosure.

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Definitions:

Platelet Plug

A clot formed by platelets in response to vascular injury to prevent or stop bleeding.

Pigment

A substance that provides color to other materials, such as paint or the cells in our body.

Red Blood Cell

A type of blood cell that is primarily responsible for transporting oxygen from the lungs to the rest of the body, also known as an erythrocyte.

Rhesus Antigen

A protein substance found on the surface of red blood cells in most people, determining the positive or negative aspect of blood type and important in blood transfusions.