According to the Canadian Institute of Chartered Accountants (CICA), the primary objective of financial reporting is to provide information:

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The primary objective of financial reporting, as stated by the CICA, is to provide information that is useful for making investment and lending decisions. While financial reporting may include information about tax matters, cash flows, and profitability, these are not the primary objectives.

According to the Canadian Institute of Chartered Accountants (CICA), the Primary