The concept of adequate disclosure means that:

A: The accounting department of a business must inform management of the accounting principles used in preparing the financial statements.

B: The company must inform users of any significant facts necessary for proper interpretation of the financial statements, including events occurring after the financial statement date.

C: The independent auditors must disclose in the financial statements any and all errors detected in the company's accounting records.

D: The financial statements should include a comprehensive list of each transaction that occurred during the year.