financial disclosure standards

Financial disclosure standards are rules that require individuals and organizations, like companies and public officials, to share accurate and transparent financial information. These standards ensure that the public, investors, and regulators can trust the reported data, helping to prevent fraud, conflicts of interest, and corruption. They specify what financial details must be disclosed, how to present them consistently, and when to report changes. Overall, these standards promote accountability and informed decision-making by providing a clear and reliable financial picture.