A company lost vital machinary in an accident on 2nd march 2019 which will have adverse impact on its production capacity. As a result it is likely to loos business to its conpatetors. The company has not disclosed this fact in its annual report for the year ending 31st march 2019. do you it is complying with the convention of full disclosure?
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No , the company is not complying with the Convention of Full Disclosure as loss of vital machinery has adverse impact on the business and thus , on its profitability . It being material information should have been disclosed.
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2
Answer:
No , the company is not complying with the Convention of Full Disclosure as loss of vital machinery has adverse impact on the business and thus , on its profitability . It being material information should have been disclosed.
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