The AICPA's Special Committee on Financial Reporting issued a report on a model for business reporting.The "Financial Reporting" sources of information used in external decision making outlined in the model included all of the following except
A)parenthetical and footnote disclosures
B)financial statements
C)macroeconomic statistics
D)management discussion and analysis

Question

Quizplus · Accepted Answer

The model for business reporting outlined in the AICPA's report includes sources of information used in external decision making such as financial statements, management discussion and analysis, and parenthetical and footnote disclosures. However, it does not include macroeconomic statistics as a source of information.

The AICPA's Special Committee on Financial Reporting Issued a Report