As all stakeholders want the same thing one set of financial statements is enough

Name: As all stakeholders want the same thing one set of financial statements is enough
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

While all stakeholders may want the same thing (i.e. accurate and reliable financial information), they may have different information needs and use the financial statements for different purposes. Therefore, multiple sets of financial statements may be necessary to meet the needs of different stakeholders.

As All Stakeholders Want the Same Thing One Set of Financial