The managers of a company are the only stakeholders of a company that have a legitimate interest in its accounting information.

Question

Quizplus · Accepted Answer

This statement is false. There are many stakeholders who have a legitimate interest in a company's accounting information, including shareholders, lenders, customers, and government regulators. Accounting information is important for making informed business decisions and ensuring transparency and accountability.

The Managers of a Company Are the Only Stakeholders of a Company