Users of audited financial statements include a company's bondholders but not its stockholders,who are the owners of the company.

Question

Quizplus · Accepted Answer

This statement is false. Both bondholders and stockholders can be users of audited financial statements. However, stockholders are not the only users as this statement implies. Other potential users may include regulatory agencies, potential investors, lenders, and other interested parties.

Users of Audited Financial Statements Include a Company's Bondholders but Not