In their book, "The End of Accounting and the Path Forward for Investors and Managers," Baruch Lev and Feng Gu maintain that flaws in generally accepted accounting principles severely limit the usefulness of financial reporting. What are the three major reasons the authors indicate why accounting reports have lost relevance? What is their solution to this perceived problem?

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The Answer of In their book, "The End of Accounting and the Path Forward for Investors and Managers," Baruch Lev and Feng Gu maintain that flaws in generally accepted accounting principles severely limit the usefulness of financial reporting. What are the three major reasons the authors indicate why accounting reports have lost relevance? What is their solution to this perceived problem?

In Their Book, "The End of Accounting and the Path