Disclosure The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business.

Then the financial statement would not be an accurate one.

The owner is obligated to disclose any transactions of a significant financial nature in their reports.

Disclosure is ending the account while Breach is not include the financial of recent year

The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business

The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business

Disclosure The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business

Accounting -> Accounting Principles: Disclosure Disclosure The owner is obligated to disclose any transactions of a significant financial nature in their reports. Breach: The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business.

In fact, Disclosure is one of the crucial principles in accounting. As Auditors rely on this for auditing. Asset = Liability + Capital. so if a firm fails to disclose any property/ asset and auditor will surely know using the equation above.

Financial reports should be transparent so that actual financial position can be found out. However, owners might hide selling of property to the new potential buyers.